New Jersey Firm Acquires Condor Power Supplies

Condor D.C. Power Supplies Inc., an Oxnard firm that produces electrical equipment used in computers, medical testing devices and manufacturing, has been acquired by SL Industries Inc. of Mt. Laurel, N.J.

The deal is expected to lead to additional growth at Condor, which has annual sales of more than $14 million and 450 employees at plants in Oxnard and Mexicali, Mexico.

“We’re looking forward to expanding rapidly,” said Paul Chapman, Condor’s regional sales manager. “Sales are strong, and I’m sure we’ll be hiring at both locations.”

Condor has 60 employees at its executive and marketing offices on Statham Parkway in Oxnard. The remainder are based at the company’s Mexican affiliate, Electronica Condor de Mexico S.A. de C.V. Most of the firm’s products are assembled at the latter facility.

Terms of the acquisition were not disclosed.

Condor was privately held prior to the deal. SL Industries is a producer of electrical and industrial products.