[Amps] About MPD and Richardson

[craxd <craxd1@ezwv.com>]

After my last post about Richardson Electronics owning MPD, I did a 
little research. I hadn't looked into this since 1990 so I found that 
the employees bought the stock away from Richardson. Below is a direct 
quote from the MPD website. Thank goodness they don't have their fingers 
in MPD anymore. Notice that Richardson is mentioned as a "private investor".

Quote;

"MPD, Inc. traces its origin to 1899, with predecessor companies on the 
same site manufacturing electrical machinery, electric lamps and 
electron tubes.

General Electric's acquisition of the business in 1945 brought 
additional product lines, relocated from other U.S. cities. New 
technology was added to manufacture ceramic parts, metal-ceramic seal 
assemblies, planar tubes, vidicon tubes and microwave transmitters and 
receivers.

On January 1, 1987, General Electric sold the assets of the Owensboro 
business to private investors who renamed the company MPD, Inc. At the 
time of the sale, MPD, Inc.'s product offering was exclusively 
electronic components with 85% of total sales directed to military 
avionics. In 1988, to diversify into non-military product lines, MPD, 
Inc. acquired MPH Industries, Inc. and CMI, Inc. Lion Laboratories 
Limited, in Barry, Wales, was acquired in 1990. In 1996, MPD, Inc. 
established MPD (Singapore) PTE LTD to better serve the Asian marketplace.

After ten years of ownership by private investors, the management of 
MPD, Inc., led by Gary Braswell, established an Employee Stock Ownership 
Plan (ESOP) and purchased essentially all of the outstanding shares of 
MPD, Inc. stock. As a result, in 1997, MPD, Inc. became an ESOP company.

Today, the employee-owners of MPD, Inc. not only enjoy competitive pay 
and benefits, but also an opportunity to share in the company's 
financial success through the ESOP."


Will Matney


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