NOV. 7–SALT LAKE CITY, UTAH–Daw Technologies Inc., a cleanroom component designer, manufacturer and installer, has sold all of the assets of its Intelligent Enclosures business unit, which specializes in the design of ultra-clean minienvironments, to a group consisting of former managers of that business unit.
Daw will continue to provide manufacturing services for Intelligent Enclosures. Terms of the sale were not disclosed.
“Over the past several months, the company has been closely evaluating each aspect of our business as we have looked to streamline and refocus our efforts,” says Don McCauley, chief financial officer of Daw Technologies. “While the minienvironment business remains a viable market, we felt that the company needed to put more resources behind its core cleanroom products and construction and ultra-high purity piping services.”
McCauley says Daw is not able to provide the focus and resources necessary to make the minienvironment portion of the business as successful as anticipated when it was acquired in 1998.
“The sale will allow Daw to focus more on its core competencies,” says Jim Collings, chief executive officer of Daw Technologies. “Intelligent Enclosures has excellent people and technology, and we believe that the concentrated focus the new owners can provide will allow Intelligent Enclosures to achieve success. We see this as a win-win situation for both parties.”