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Midan Electronics history
Midan Electronics company history timeline
Serving the electronics & controls industries since 1976
Printed circuit boards still generated the biggest share of sales--35 percent--by 1981.
For 1984, those two products accounted for 61 percent of the company's $82.4 million in revenue, and one-fifth of Methode's net sales for the year came from one company, General Motors.
Methode made one major geographical move in 1986; in order to be closer to manufacturers in the Far East, the company opened a plant in Singapore that year.
Meanwhile, the company's car controls continued to sell like hotcakes, and Methode's overall sales reached $122 million for the fiscal year ending in April of 1989.
No takers emerged, however, and by the middle of 1989, Graphic's Trident troubles were solved, enabling the subsidiary to begin operating profitably once again.
By 1992, General Motors, which had previously made its own air bag connectors, finally became the last of the Big Three to sign on with Methode.
In July of 1993, the company purchased Mikon, Ltd., a manufacturer of fiber-optic cable assemblies, based in Haverhill, England.
Methode Electronics, Inc. was founded by William McGinley just after the end of World War II. As of 1995, McGinley remained the only company president in Methode's half-century history.
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Midan Electronics may also be known as or be related to Midan Electronics and Midan Electronics Inc.