Standex completed the acquisition of McStarlite for $57m.

Standex, an electronics company, completed the acquisition of McStarlite, a provider of complex sheet metal aerospace components, for $57m. "We are very pleased to have acquired McStarlite, a great strategic fit, expanding our product breadth and forming capabilities in commercial aviation, space and defense applications. Its customer base, product line and technologies are highly complementary to our existing Spincraft business with the potential to capitalize on technical exchanges and cross selling opportunities. McStarlite also brings a strong engineering and customer-focused team that aligns with Standex's commitment to customer intimacy," David Dunbar, President and Chief Executive Officer.