Electronics Production | December 19, 2006
Kimball acquires Reptron
Kimball Electronics Group to Acquire Reptron Electronics; Companies Sign Definitive Merger Agreement.
Kimball Electronics Group, a division of Kimball International, Inc. and Reptron Electronics, Inc., announced today that they have signed a definitive agreement under which Kimball will acquire Reptron for $0.68 per share. The price of $0.68 per share represents a premium of 28% to Reptron's three-month volume weighted average stock price of $0.53. The September 2005 issue of Electronic Business magazine ranked Kimball Electronics as # 26 among the global Top 100 Contract Manufacturers. In June 2005, Electronics Supply & Manufacturing magazine rated Kimball Electronics #20 among the Top 50 Electronics Manufacturing Services Companies. Kimball Electronics Group has manufacturing operations in the U.S., Mexico, Thailand, Poland, Wales, Ireland, and China. Reptron Electronics, Inc. is an electronics manufacturing services company providing engineering services, electronics manufacturing services and display integration services. Reptron Manufacturing Services offers full electronics manufacturing services including complex circuit board assembly, complete supply chain services and manufacturing engineering services to original equipment manufacturers ("OEMs") in a wide variety of industries.