"Sparton has had a significant presence in DeLeon Springs for more than three decades and we have always been impressed with the talent, expertise and dedication of the work force in our DeLeon Springs facility," said Bill Toti, the company's president and CEO, in a news release.
"Several of our employees have been here for more than 30 years and we are proud to formally recognize DeLeon Springs as our headquarters," he said.
It was unclear in the news release when the headquarters move took place or whether it was still in progress. It was also unclear whether it will result in more jobs being added in DeLeon Springs or whether the 186,000-square-foot plant will need to be physically expanded.
DeLeon Springs is a small community in Northwest Volusia County with a population of just over 2,600 people, according to the most recent Census Bureau estimates.
Jayne Fifer, CEO of the Volusia Manufacturers Association, was ecstatic upon learning about the relocation of Sparton's headquarters here.
"This is spectacular news," she said on Friday. "They already employ over 600 workers here and they're hiring like crazy. I know because they tell me. They've got several postings for available positions on our jobs board."
A spokesman for Sparton was not available for comment on Friday.
Online postings for available jobs at Sparton's DeLeon Springs plant include machine operators, schedulers and electrical engineers. The job descriptions provided by the company did not indicate the starting pay. The employment website Glassdoor.com provided pay range estimates of $10 to $17 an hour for machine operators, $30,000 to $57,000 a year for schedulers, and $53,000 to $100,000 a year for electrical engineers.
By sheer coincidence, Sparton was selected by the VMA's board to be honored as this year's Manufacturer of the Year at the association's upcoming awards event on Dec. 3, Fifer said. The event will be held virtually because of the coronavirus pandemic.
"They're also getting a top innovation award," she said of Sparton. "They're a phenomenal company and they are very involved in our community."
Helga van Eckert, economic development director for Volusia County, said no economic incentives were involved in Sparton's decision to move its headquarters here. The company, however, was the first recipient of a grant from the county last year to improve water quality and support jobs, she said.
"We're excited about the headquarters move and the long-term commitment to the county," van Eckert said. "We're looking forward to continuing to work with the Sparton team as part of the Volusia County business retention and expansion program."
Sparton was founded in Michigan in 1900.
According to its website, the company employs more than 1,400 workers worldwide and has three manufacturing plants. In addition to its plant in DeLeon Springs, it has a plant in Philadelphia, which is home to its Aydin Displays division, a maker of "ruggedized displays for military and industrial usage." Its plant in Woodbridge, Ontario, Canada is home to Sparton's Stealth division, a maker of industrial computer components and small industrial-grade personal computers.
The company generated $419 million in revenues last year.
Sparton was a public company who stock shares were traded on the New York Stock Exchange, until March of last year following the closing of its $183 million sale to Cerberus Capital Management L.P.
In June, Cerberus struck a deal to sell Sparton's contract manufacturing unit to One Equity Partners, a private equity firm.
The sale of that unit which closed this past summer allows Sparton to "focus exclusively on its industry-leading engineered defense products business," according to the June news release. "Sparton will become a pure-play defense supplier and will continue to design, develop, and produce proprietary engineered products for domestic and foreign defense as well as commercial needs."
Toti, who previously oversaw Sparton's engineered defense products business, was named the company's new CEO.
“Operating our engineered defense products business as Sparton, a standalone entity, we will be able to focus exclusively on providing innovative products and executing on opportunities that drive our platform’s growth," said Toti in the June news release. "We are excited to build upon our strong foundation and accelerate our ability to meet the critical needs of our customers in the United States and globally.”