TULSA, Oklahoma -- A California company says it has entered into a definitive agreement to acquire all outstanding stock of LaBarge, Inc.
LaBarge Inc., which has two facilities in Tulsa, is a supplier of electronics manufacturing services.
Ducommun plans to pay LaBarge shareholders $19.25 per share in cash and assume LaBarge's outstanding debt. Ducommun plans to combine LaBarge with its Ducommun Technologies unit, which would be renamed Ducommun LaBarge Technologies.
''Combined, the two companies have complementary capabilities that we believe will be very appealing to many of our key customers. LaBarge has an excellent reputation for providing high-performance electronic and electromechanical products, and we look forward to continue doing so as part of the Ducommun team,' said Craig LaBarge, CEO of LaBarge Inc.
A LaBarge production facility is located at 11616 East 51st Street and its oilfield services facility is located at 12626 East 60th Street.
According to its web site, LaBarge is headquartered in St. Louis and has operations in Arkansas, Missouri, Oklahoma, Pennsylvania, Texas and Wisconsin.