Sunstone Components Group signs letter of intent to sell company
Sunstone Components Group, a provider of precision metal stamping and insert injection moldings in Temecula, Calif., has signed a letter of intent with Pancon Corp., Stoughton, Mass., to sell substantially all of the company’s assets. Sunstone’s daily operations will continue without interruption, and the company does not intend to reduce its workforce.
Pancon manufactures custom and standard connectors that are used in power and signal applications and multilayer polymer capacitors across various industries, including automotive.
Sunstone is expected to complete the sale and emerge from Chapter 11 by mid-August.