SARASOTA, Fla. — Illinois-based Veethree, a supplier of mechanical and electronic instrumentation, has acquired the assets of Teleflex Inc.'s gauge division, Veethree reported in a statement today. Teleflex announced plans to close its Sarasota gauge and instrument plant in January.
Veethree will continue to manufacture the existing Teleflex marine and industrial product lines in the 35,000 sq. ft. Sarasota facility.
"We are very pleased to have the opportunity to continue the great traditions of superior quality and styling that Teleflex has brought to the instrumentation industry for the last 40 years," said Shekhar Tewatia, Veethree's vice president, in a statement. "This acquisition gives us a chance to enter the marine industry and consolidate Veethree's position in the industrial segment. We are also very fortunate that many members of the Teleflex team have decided to join us."
Veethree said it plans to make the Sarasota facility its global engineering headquarters.
Founded in 1976, Veethree has a worldwide presence as an OEM, defense and aftermarket supplier of instrumentation, clusters, sensors and switches.
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