Bloomfield manufacturer Deringer-Ney Inc., which makes metal parts and electrical contacts for medical devices, has agreed to acquire New Jersey-based Hoyt Corp., a manufacturer of electrical contacts, copper extrusions, and contact assemblies.
The deal would allow Deringer-Ney to diversify its standing in the electrical contact industry, said Ryan Elliott, president of Deringer-Ney. An electrical contact is a switch that uses a secondary, low-voltage power source to complete or interrupt circuits that affect an electrical current.
Financial details of the deal were not disclosed.
“The combination of Hoyt Corporation and Deringer-Ney allows us to present customers with electrical contact solutions ranging from millivolts to high voltage systems,” Elliott said.
Additionally, Deringer-Ney said, Hoyt’s expertise in silver-infused products and powder metallurgy will allow the company to expand its offering in these areas.
