Ideal buys Mar-Tek

Feb. 1, 2003
Expanding its twist-on connector business, Ideal Industries Inc., Sycamore, Ill., has purchased the assets of Mar-Tek Industries LLC, Eau Claire, Wis.

Expanding its twist-on connector business, Ideal Industries Inc., Sycamore, Ill., has purchased the assets of Mar-Tek Industries LLC, Eau Claire, Wis. Terms of the transaction were not disclosed. "It's an addition to our connector business," says Ned Camuti, Ideal's director of marketing and Connector Business Unit manager. "They have a unique twist-on connector design that they have patented and it fits in very well with our existing twist-on connector business product lines." Ideal will continue to use the Term-A-Nut product name. The status of the existing reps is undetermined at this time, says Camuti.