PLEXUS CORP acquires Turnkey electronic contract manufacturing operations of Elamex, S.A. de C.V.
Snapshot
PLEXUS CORP acquired Turnkey electronic contract manufacturing operations of Elamex, S.A. de C.V. for US $53.7 million (cash), subject to net-book-value adjustment in May 2000. The transaction was structured as all cash. Turnkey electronic contract manufacturing operations of Elamex, S.A. de C.V. is a Juarez, Mexico-based Turnkey electronic contract manufacturing business.
- Acquirer
- PLEXUS CORP
- Target
- Turnkey electronic contract manufacturing operations of Elamex, S.A. de C.V.
- Value
- US $53.7 million (cash), subject to net-book-value adjustment
- Date
- May 2000
- Type
- asset/stock purchase (carve-out)
- Status
- ready
The deal at a glance
About this deal
PLEXUS CORP acquired Turnkey electronic contract manufacturing operations of Elamex, S.A. de C.V. for US $53.7 million (cash), subject to net-book-value adjustment, a transaction completed in May 2000, structured as all cash. The deal was a asset/stock purchase (carve-out).
Turnkey electronic contract manufacturing operations of Elamex, S.A. de C.V. operates in Turnkey electronic contract manufacturing, is based in Juarez, Mexico. The turnkey electronic contract manufacturing operations of Elamex, S.A. de C.V. in Juarez, Mexico. Elamex formed two corporations to which it transferred specified assets, operations and liabilities of its turnkey electronic contract manufacturing operations, and Plexus purchased the stock of those acquired companies. The purchase was financed from working capital and Plexus's pre-existing bank lending facility.
Established a Mexican manufacturing presence with turnkey electronic contract manufacturing operations in Juarez.
Established a sizable low-cost Mexican manufacturing footprint via a turnkey EMS carve-out. ~250,000 sq ft and ~1,394 employees in Juarez, Mexico at acquisition date; accounted for using the purchase method
No advisory firms have been disclosed for this transaction.