Global supplier of electromechanical components and electronic manufacturing services supplying OEMs with custom components and solutions.
Competitive Position: STACI developed a stable of trusted low-cost Chinese sources for printed circuit boards, circuit board assemblies, and other electromechanical components for US and European customers.
Growing End Markets: OEM outsourcing to low cost country suppliers was driving market growth well in excess of GDP.
Customized Solutions: STACI partnered with its customers’ engineering departments to design parts to their specifications.
Sticky Customer Relationships: High switching costs combined with world class service led to extremely loyal, stable customer base.
Vertical Integration: Green fielded a printed circuit board operation in China to fulfill the needs of a growing U.S. customer base for these services allowing STACI greater control over delivery, quality, and margins.
Operational Improvements: Implemented Lean Six Sigma business practices to drive profitability and improve on-time delivery.
Business Development Strategy: Identified new target markets and implemented e-marketing initiatives to approach these markets resulting in 30% of new business opportunities.
Managed Through Economic Downturn: Restructured balance sheet to help company weather and recover from a recession.