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Top Management Completes Acquisition of Airtronics Metal

SAN JOSE, Calif. – Sept 1, 2004 – Airtronics Metal Products, Inc., one of Silicon Valley’s premier custom sheet metal engineering, design and manufacturing companies for the technology industry, today announced that the upper management had completed their buyout of the company without the need to bring in outside investors. Jeff Burke, Jim Ellis, Diane Neff and Fermin Rodriguez will be the new owners taking over from John Richardson who purchased the business twenty three years ago.

Jeff Burke, who has been with the company for ten years, will assume the reigns of President and CEO, while continuing as the Director of Sales and Marketing. Jim Ellis with his twenty one years of service will remain V.P., Director of Engineering, and Diane Neff will continue as Director of Finance and Administration. Fermin Rodriguez, the company’s senior employee who has been at Airtronics since 1975, will remain V.P., Director of Manufacturing.

“My management colleagues and I are happy that we were able to complete this acquisition without the need for outside investors and new management,” said Jeff Burke. “We know the business best, we have all been with the company for a significant number of years, and more importantly, we all know how to provide top-class service to all our customers. Now Airtronics will have four owners leading the company as we set out to grow our offerings and customer base significantly in the next few years.”

“I am happy that the existing management were able to raise the funding to complete this buyout as they have so much more invested in the company than any outsider would have brought to the table,” said John Richardson. “While I will stay on as Chairman of the Board for a few years, I am sure that the day-to-day operations are in good hands and this skilled team is fully capable and motivated to grow the company to the next level and beyond.”

Airtronics Metal Products is a full-service, one-stop precision sheet metal products company that was founded in Silicon Valley in 1961. Today Airtronics provides custom engineering, design, production and value added manufacturing services using the latest in CAD design, production equipment and ERP systems. From a spotless 65,000 sq ft state-of-the-art facility in San Jose’s Enterprise Zone, they serve technology leaders throughout Northern California and the rest of the USA. The company is ISO 9001 – 2000 Registered (UL) and may be reached at 408-977-7800 or on the web at www.airtronics.com.

Airtronics is a trademark of Airtronics Metal Products, Inc.

Contacts:
Jeff Burke Pres/CEO
Airtronics Metal Products, Inc.
408-977-7813

Athol Foden
650-960-0411

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140 San Pedro Ave
Morgan Hill, CA 95037
Santa Clara County
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