Laird Technologies has acquired Steward and its subsidiaries for $52.5 million. Steward is a provider of ferrite-based products that are used to remove unwanted EMI noise and other signals at unwanted frequencies from conductors.

Steward was founded in 1876 and has changed its business focus several times, most recently in the electronic component sector. The company’s headquarters are in Chattanooga, Tennessee, and it has manufacturing facilities in Hermosillo, Mexico, and Shunde, China, and sales and distribution centers in Scotland, Taiwan, Singapore and Guangzhou, China.