Sparton Acquires Argotec Inc. - Quick Facts

(RTTNews) - Sparton Corporation (SPA) announced that its wholly owned subsidiary, Sparton DeLeon Springs, LLC completed the acquisition of certain assets of Argotec, Inc. on December 8, 2014 in an all-cash transaction.

The company noted that Argotec develops and manufactures sonar transducer products and components for the U.S. Navy, and provides aftermarket servicing. The products, primarily hydrophones and projectors, are used in test equipment, environmental sensor arrays, and various military and commercial sonar applications. These products will be consolidated into the Navigation & Exploration segment of Engineering Components and Products located at Sparton's facility.