Sparton Corporation today announced that it has entered into a definitive agreement to be acquired by an affiliate of Cerberus Capital Management, L.P., a global leader in alternative investing. Under the terms of the agreement, Cerberus will acquire all outstanding shares of Sparton’s common stock for $18.50 per share in cash.

Sparton Corporation is pleased to announce that the 2018 Asia Pacific Entrepreneurship Award, Viet Nam (APEA) has been presented to Mr. Dung Tran, Managing Director of Spartonics Viet Nam Co., Ltd. for exemplary leadership and innovation in the Electrical & Electronics industry.