March 15, 2019
The Board of Directors of Spectral Dynamics, Inc. of San Jose, CA is pleased to announce that it has purchased the business of L.A.B. Equipment, Inc. of Itasca, IL as of March 15, 2019.
Stewart Slykhous is the President and CEO of Spectral Dynamics which will now include the business of L.A.B. Equipment. William (Bill) Noonan, the current CEO of L.A.B. Equipment will stay with the business in the role of President, Testing Systems, which will include the L.A.B. Product line.
The manufacturing operations of L.A.B. will remain in Itasca as will the engineering, sales, and related support.
Stewart and Bill are both excited about the acquisition and the future moving forward. The businesses of both Spectral Dynamics and L.A.B. have a rich and successful history spanning well over sixty years each.
“Our organizations will have an opportunity to build upon the synergies of our talented people, markets, and products to become even more successful. We are very excited about the technology and resources available to our customers and the opportunities we will be able to offer to our employees going forward.”
Stewart J. Slykhous
President and CEO