June 21, 2010 (FinancialWire) — Spectrum Control, Inc. (NASDAQ: SPEC), a designer and manufacturer of custom electronic products and systems, said that Spectrum Microwave, Inc., its wholly-owned subsidiary, has acquired substantially all of the assets and assumed certain liabilities of Sage Laboratories, Inc., a wholly-owned subsidiary of Ceralta Technologies, Inc.

The total purchase price of the acquisition was around $6.5 million. According to Spectrum, the current annualized revenues of Sage Labs' products are around $12 million.

Dick Southworth, Spectrum Control's CEO, said the deal was Spectrum’s second in the microwave area in the last seven months, and the eighth microwave business acquisition by its current management team.

Pennsylvania-based Spectrum Control is engaged in the design, development and manufacture of electronic solutions for the defense, aerospace, communications, and medical industries worldwide.  

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