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Anaheim Electronics Maker Acquired

Anaheim’s RTI Electronics Inc., a maker of electronic parts that go into audio devices, big lighting jobs and power supply gear, was scooped up by a private equity buyer after its Minnesota-based parent divested the local unit.

RTI said on Wednesday it was bought by Los Angeles-based private equity firm Shackleton Equity Partners LLC for undisclosed terms.

St. Paul, Minn.-based IntriCon Corp., a publicly traded maker of electronics for medical devices with some $55 million in yearly sales, decided to sell RTI late last year and had been seeking a buyer.

Shackleton was a good fit, according to RTI Chief Executive Jonathan Smith.

“They have other businesses in technology related areas and they have skill sets in tech implementation and business turnarounds that will help us recover from the impacts of the business recession,” he said.

RTI has three main product lines.

Roughly half of its sales come from what are called thermistors. They are electronic parts used to help other devices regulate their heat output and protect against power surges.

RTI makes film capacitors, parts made of plastic and metal films that store electricity and release on demand. They’re used primarily in audio equipment and in filters for industrial gear.

The company also makes so-called magnetics, which are essentially coils that go into large scale lighting systems, such as those found in concert halls.

RTI has roughly 60 workers in Anaheim. They do manufacturing and product design. The company maintains a 52,000-square-foot factory here.

RTI started in 1971 in Orange County, when it was called Rodan Industries.

It was purchased by IntriCon in 1997 and had since operated as a subsidiary.

IntriCon has struggled to get out of red ink of late and has been working to streamline its business.

It’s set to focus on its most profitable line of business, the manufacturing of small electronic sensors that are used in medical devices that monitor intravenous fluid delivery systems.

Chief Executive Smith formerly was RTI’s vice president of operations and finance. He stepped into the top role after RTI’s former general manager, Steve Binnix, retired this year.

RTI’s local operations are set to stay in place under its new private equity parent, Smith said.

The privately held company doesn’t disclose financials.

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