PLEXUS CORP acquires MCMS, Inc. (specified assets)
Snapshot
PLEXUS CORP acquired MCMS, Inc. (specified assets) for Base purchase price of $45 million plus specified assumed liabilities (cash), subject to working-capital adjustments in January 2002. The transaction was structured as all cash. MCMS, Inc. (specified assets) is a Penang, Malaysia; Xiamen, China; Nampa, Idaho-based Electronics manufacturing services (EMS) - Asia entry business.
- Acquirer
- PLEXUS CORP
- Target
- MCMS, Inc. (specified assets)
- Value
- Base purchase price of $45 million plus specified assumed liabilities (cash), subject to working-capital adjustments
- Date
- January 2002
- Type
- asset purchase (Chapter 11 / Section 363 sale)
- Status
- ready
The deal at a glance
About this deal
PLEXUS CORP acquired MCMS, Inc. (specified assets) for Base purchase price of $45 million plus specified assumed liabilities (cash), subject to working-capital adjustments, a transaction completed in January 2002, structured as all cash. The deal was a asset purchase (Chapter 11 / Section 363 sale).
MCMS, Inc. (specified assets) operates in Electronics manufacturing services (EMS) - Asia entry, is based in Penang, Malaysia; Xiamen, China; Nampa, Idaho. Specified assets of MCMS, Inc., an EMS provider that had filed for reorganization under Chapter 11; the purchase was approved by the bankruptcy court. The acquired assets included the stock of MCMS's Chinese and Malaysian subsidiaries (facilities in Penang, Malaysia; Xiamen, China; and Nampa, Idaho), establishing Plexus's initial manufacturing presence in Asia.
Established Plexus's initial manufacturing presence in Asia via facilities in Malaysia and China plus Nampa, Idaho.
Established Plexus's initial Asian manufacturing presence (Malaysia and China) plus a Nampa, Idaho facility, acquired out of Chapter 11 without interest-bearing debt. Includes the stock of MCMS's Chinese and Malaysian subsidiaries; established initial Asian manufacturing presence
No advisory firms have been disclosed for this transaction.