Mooreland Partners advises Chase Corporation in its Divestiture of Chase EMS to MC Assembly
Greenwich, CT, United States – June 30, 2010 – Mooreland Partners is pleased to announce that it acted as exclusive financial advisor to Chase Corporation (AMEX:CCF) in its divestiture of Chase EMS (a wholly owned subsidiary) to MC Assembly. Chase EMS, based in Winchester, Massachusetts was founded in 1984 and was acquired by Chase Corp. in 1999. Chase EMS offers high-mix, mid-volume contract manufacturing services for printed circuit board (PCB) and electromechanical assembly. For more information, please visit www.chaseems.com.
About MC Assembly
MC Test Service, Inc., doing business as MC Assembly, provides electronic manufacturing services to original equipment manufacturers. It offers new product introduction, printed circuit board assembly (PCBA), box build/integration, direct fulfillment, warranty/repair services, engineering and test development support, supply chain management, and program management/cell teams services. The company serves industrial, aerospace and defense, medical, and networking telecom markets. MC Test Service, Inc. was founded in 1984 and is based in Palm Bay, Florida with a manufacturing location in Zacatecas, Mexico. Current investors include Key Principal Partners Corp. and South Franklin Street Partners, LLC. For more information, please visit www.mcati.com.
About Chase Corporation
Chase Corporation manufactures and sells specialty tapes, coatings, laminates, and sealants used in the wire and cable, construction and electronics industries. Prior to the divestiture, the company operated in two separate segments: Specialized Manufacturing and Electronic Manufacturing Services. The Specialized Manufacturing segment produces protective coatings and trade products that include insulating and conducting materials for wire and cable manufacturers, protective coatings for pipeline applications and moisture protective coatings for electronics and printing services. The Electronic Manufacturing Services segment provides printed circuit board and electromechanical assembly services to the electronics industry. Chase Corporation was founded in 1946 and is headquartered in Bridgewater, Massachusetts. For more information, please visit www.chasecorp.com.