Cadence, Inc. announced today it has acquired three business units from Plainfield Precision. The units, located in Wisconsin, Massachusetts, and the Dominican Republic, add metal stamping and injection molding to Cadence’s portfolio of capabilities.

Financial information regarding the transaction was not released. Prior to the transaction Cadence announced revenues of $33.6 million for the first half of 2014.

Analysis

Cadence is known for carefully considered strategies. This acquisition continues their approach of expanding capabilities incrementally as a means of being a more strategic supplier to key customers. The Cadence website is located at www.cadenceinc.com.

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