We’re looking for opportunities to diversify our product lines by identifying product innovations, most likely at or beyond the prototype stage.
Jefferson County, West Virginia (PRWEB) January 16, 2015
Schonstedt Instrument Company, a Jefferson County, West Virginia, manufacturer and global exporter of handheld underground utility locators, seeks expansion opportunities through investment in emerging technologies and early stage growth opportunities.
“We’re looking for opportunities to diversify our product lines by identifying product innovations, most likely at or beyond the prototype stage, which will benefit from our ‘scale-up’ capabilities and provide entry into new markets,” says Mark Pugh, Schonstedt’s president.
A flourishing company, Schonstedt is uniquely positioned to become a manufacturing partner to companies seeking to commercialize their early stage innovations. Partnering arrangements can include assistance with manufacturing design, supply chain, production and marketing. The company is also interested in contract manufacturing and acquiring existing businesses with internal rates of return that meet its investment goals.
For further information call or click: Bob Ebberson, Director of Business Development, 304-724-4754, bebberson(at)schonstedt.com, http://www.schonstedt.com.
Located in Kearneysville, in the Eastern Panhandle, Schonstedt is an employee-owned company that distributes its products through 300 dealers in the United States and exports to more than 60 countries. It has been recognized multiple times with the Governor’s Commendation for International Market Entry award. Since 2007, the company has partnered with the United Nations Mine Action Service and provides free magnetic locators to UN-supported humanitarian demining teams in war-ravished countries. Schonstedt was founded in 1953 by Erick O. Schonstedt and initially manufactured magnetometers for the aerospace industry.
Established in 1979, the Jefferson County Development Authority (JCDA) facilitates relocations and start-ups, supports existing businesses and works to improve the business climate and create jobs. Jefferson County is ideally situated for business, manufacturing and industry and is a major economic driver in a state that boasts the nation’s fourth lowest cost of doing business. For more information about the JCDA visit our website or contact info(at)jcda(dot)net, 304-728-3255.