Merrimac Acquires Filtran Microcircuits

Signal processing components manufacturer Merrimac Industries Inc. has completed the previously announced acquisition of microwave micro circuitry manufacturer Filtran Microcircuits Inc. of Ottawa, Ontario, Canada for $4.7 million in a cash transaction.

Filtran's sales for their most recent fiscal year ended November 30, 1998 were approximately $3.2 million ($4.9 million Canadian) and their three-year revenue growth rate was approximately 20%.