IntriCon Company Description
IntriCon hears its future calling, and that future is in precision microminiature components and molded plastic parts, such as volume controls and switches, primarily for use in hearing aids. The company's Resistance Technology subsidiary develops digital signal processor chips for medical applications. The company's components are also used in professional audio equipment, such as headsets and microphones. In 2007 IntriCon acquired Tibbetts Industries, a manufacturer of components used in hearing aids, medical devices, and industrial equipment, for $4.5 million in cash and the assumption of liabilities. Intricon gets about 70% of its sales from customers in the US.
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The Company Description provides a historical perspective of IntriCon's organization from inception to current status.
Produced by Hoover's in-house editorial team, the Company Description tracks ownership transitions, company progress via mergers and acquisitions, major growth milestones, and strategic initiatives, to provide a holistic view of IntriCon's evolution in the marketplace.
