Electronics Production | July 30, 2012
Celestica acquires D&H Manufacturing Company
Celestica acquires D&H Manufacturing Company, based in Fremont, California. The company generates approximately $80 million in annual revenue, and currently employs approximately 350 people.
"The acquisition of D&H further strengthens Celestica's diversified markets offering, and will allow us to provide our customers with additional capability in large scale and high quality precision machining," said Craig Muhlhauser, President and Chief Executive Officer, Celestica. "The D&H team brings extensive engineering and technical depth to Celestica that will complement our capabilities in complex mechanical and systems integration services." The purchase price is expected to be approximately $70 million and will be financed from either Celestica's credit facility or from cash on hand. The transaction is subject to customary conditions and is expected to close in the third quarter of 2012.