EFTC, now Suntron (NASDAQ:SUNN), is a leading electronics manufacturing services company providing high mix solutions for the aerospace, industrial controls and instrumentation, medical, semiconductor, networking and telecommunications industries.
EFTC’s two largest, customers Honeywell and Allied Signal, had merged producing a 70% customer concentration and EFTC had been experiencing heavy losses. The company required liquidity to support a recently awarded 10-year, long term supply contract that would result in 50% increased revenues.