For immediate release
Ergotron, Inc. and Constant Force Technology, LLC to Merge
Merger positions company for tremendous growth
ST. PAUL, MN—October 12, 2004
Ergotron, Inc. and Constant Force Technology, LLC are in the beginning stages of a merger which is expected to be completed by January 1, 2005. The newly merged company will retain the Ergotron name.
Both companies were founded by Harry C. Sweere; Ergotron, Inc. in 1982, and Constant Force Technology, LLC (CFT) was founded in 2000. Currently they share leading edge technologies in both computer monitor mounting and lift technology.
Ergotron sells primarily to end users in the healthcare, industrial, financial, office, and government markets. CFT has concentrated on the OEM marketplace. The newly merged company is positioned for significant growth, with an added focus on retail and the consumer market.
"I sincerely believe that combining the technology and the people talents that exist in both of these great companies will result in tremendous opportunities...in addition to providing increased economic benefits to all of our shareholders," said Harry Sweere, Chairman of both Ergotron, Inc. and CFT, LLC.
The president of the new company will be Joel Hazzard, the current president of CFT. Harry Sweere will continue as Chairman. Headquarters will remain at 1181 Trapp Road, St. Paul, Minn.
About Constant Force Technology, LLC
Constant Force Technology, LLC (CFT) is primarily focused on offering large Computer and LCD monitor OEMs superior height-adjustable mounting solutions for flat panel monitors, and LCD and plasma televisions. Constant Force Technology is the only company that provides patented weight adjustable technology that supports multiple size monitors with one product SKU. CFT has shipped millions of units since its inception in 2000.
Ergotron, Inc. is the leading provider of specialty mounting solutions for flat panel monitors. Product lines include monitor arms for flat panels, laptops, tablet PC's, CRTs, wireless-ready carts and technical furniture. Ergotron products position computers where they are needed, provide ergonomic adjustability and save space.
Headquartered in the United States, Ergotron has five subsidiaries in Europe, one subsidiary in Canada, and is represented in 67 countries worldwide.