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Celestica to acquire MSL

Posted: 17 Oct 2003 ?? ?Print Version ?Bookmark and Share

Keywords:celestica? msl? electronics manufacturing service? communications equipment? electronic equipment?

EMS provider Celestica Inc. has entered into an agreement with Manufacturers' Services Ltd (MSL) that provides for the acquisition by Celestica of all of the outstanding shares of MSL, a full-service global electronics manufacturing services and supply chain services company.

MSL is a multinational company that manufactures electronic hardware for companies that sell branded electronic equipment or utilize electronic components in their products. The company builds a variety of products, including medical devices, avionics, industrial controls, and communications equipment.

"This acquisition also supports Celestica's strategy to continue to expand and deepen its suite of integrated services and solutions," said Eugene Polistuk, Celestica's chairman and CEO. "MSL's strengths in order fulfillment, build-to-order assembly and high-speed automated manufacturing complement our current offerings. I am confident that the combined organization will create additional value for our respective customers."

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