Tuesday, July 31, 2007

Red Rocket Acquires Celetronix Power Supply Business

Camarillo-based Red Rocket announced Tuesday afternoon that it has acquired the switching power supply business of Celetronix Power India Private Limited (CPIPL). Red Rocket, a new firm headed by prior executives of CPIPL and EOS Corporation, said that the deal includes all of CPIPL's product design and manufacturing operations in Mumbai, India, and approximately 105 employees and 550 contract personnel. Financial terms of the acquisition were not disclosed. Red Rocket said it would also take ownership of the EOS brand of power supply products. Celetronix was acquired in January of 2006 by contract manufacturer Jabil Circuit; Celetronix acquired EOS Corp. in 2001.

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