Sanmina Completes Acquisition of E-M-Solutions
E-M-Solutions Increases Sanmina's Global Presence in the Enclosure Business
SAN JOSE, Calif., Oct. 19 /PRNewswire/ --
Sanmina Corporation (Nasdaq: SANM), a leading electronics contract
manufacturer, today announced that the company has completed its acquisition
of certain assets of E-M-Solutions, Inc., a privately held international
electronic enclosure manufacturer.
The transaction, which was announced on September 24, 2001, includes
certain manufacturing operations in the United States, as well as the stock of
E-M-Solutions' subsidiaries incorporated in Mexico and Northern Ireland.
Company Profile
Founded in 1980, Sanmina Corporation (www.sanmina.com) provides a
cost-efficient, design and manufacturing solution to the world's leading
original equipment manufacturing (OEMs) in the communications, medical,
industrial instrumentation, and high-end computer sectors. Sanmina's complete
end-to-end solution includes design, engineering, circuit fabrication of bare
printed circuit boards, circuit board and backplane order fulfillment, 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.
Safe Harbor Statement
The foregoing, including the discussion regarding the company's future
prospects contain certain forward-looking statements that involve risks and
uncertainties, including uncertainties associated with economic conditions in
the electronics industry, particularly in the principal industry sectors
served by the company, changes in customer requirements and in the volume of
sales to principal customers, the ability of the company to assimilate
acquired business and to achieve the anticipated benefits of such
acquisitions, and competition and technological change. The company's actual
results of operations may differ significantly than those contemplated by such
forward-looking statements as a result of these and other factors, including
factors set forth in the company's 2000 Annual Report on Form 10-K filed with
the Securities Exchange Commission on December 18, 2000, and the company's
most recent quarterly 10-Q Report dated August 10, 2001.
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SOURCE Sanmina Corporation
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