Sanmina Acquires Alcatel's Manufacturing Operations in Richardson, Texas
Acquisition Expands Sanmina's World Class Engineering and Manufacturing
Services and Enables Alcatel to Focus on Bringing Customers the Latest
SAN JOSE, Calif. and DALLAS, Aug. 27 /PRNewswire/ -- Sanmina Corporation (Nasdaq: SANM), a leading electronics contract manufacturer, and Alcatel (NYSE: ALA), a leading global supplier of next-generation networks, today announced Sanmina has acquired Alcatel's manufacturing operations in Richardson, Texas. Alcatel said in February 2001 that it planned to divest this operation. Financial terms of the transaction, which includes a multi-year supply contract, were not disclosed. The advanced manufacturing operation in Richardson is ISO 9001 and TL 9000 certified and occupies facilities totaling approximately 300,000 square feet. "We believe this transaction underscores our commitment to working closely with our customers," said Jure Sola, Sanmina's chairman and chief executive officer. "For over 15 years, Alcatel has been a valued customer, and we are pleased that they have selected us as a strategic manufacturing partner. We look forward to an expanded relationship and to providing this leading communications company with the superior products and services customers expect from Sanmina." "The planned acquisition of this operation expands our world-class manufacturing capabilities, supporting our strategic growth goals. We now have over 60 global facilities providing our customers with cost efficient manufacturing solutions," concluded Sola. "This move is part of Alcatel's strategic effort to focus resources on new-product introduction and product integration," said Mike Quigley, president, Alcatel Americas. "It will enable us to better focus our internal resources on providing the latest technology that our customers require." The divestiture also is expected to result in operational efficiencies for Alcatel that will improve cash flow and further strengthen its position in the marketplace. About Sanmina Founded in 1980, Sanmina Corporation (www.sanmina.com) provides a cost-efficient, design and manufacturing solution to the world's leading original equipment manufacturers (OEMs) in the communications, medical, industrial instrumentation, and high-end computer sectors. Sanmina's end-to-end solution includes design engineering and product development, New Product Introduction, global materials management, PCB and backplane fabrication and assembly, custom memory and DSP modules, enclosure systems, cable assembly, complete system integration and test, global order fulfillment and distribution, and end-of-life product services. OEMs benefit from this model by dealing with a single-source supply-chain and global supply-base, which helps them achieve cost efficiencies in material acquisition as well as flexibility to reduce lead times. About Alcatel Alcatel builds next generation networks, delivering integrated end-to-end voice and data networking solutions to established and new carriers, as well as enterprises and consumers worldwide. With 110,000 employees and sales of Euro 31 billion in 2000, Alcatel operates in more than 130 countries. Information about Alcatel is available at http://www.alcatel.com . MAKE YOUR OPINION COUNT - Click Here http://tbutton.prnewswire.com/prn/11690X33383626
SOURCE Sanmina Corporation
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