Northrop Grumman Corp.

Manufacturing Support Industries Inc. in Salisbury to expand, add workers after majority stake acquisition

Manufacturing Support Industries Inc. in Salisbury to expand, add workers after majority stake acquisition

The owners of Craig Technologies, a Delaware plastics manufacturer, have acquired a majority stake in Salisbury-based Manufacturing Support Industries Inc. and plan to hire 42 workers there as part of a three-year expansion plan.

Under the deal, Craig Technologies President Don Hollenbeck and his two business partners acquired 90 percent of MSI's stock, with MSI President Robert Correa retaining 10 percent. MSI will operate as an independent affiliate of Craig Technologies. Financial terms were not disclosed.

Founded in 1998, MSI engineers and manufactures high-precision weaponry components for the military. In addition to the Department of Defense, MSI's clients include...

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