PLEXUS CORP acquired Keltek (Holdings) Limited for US $29.4 million aggregate (US $18.7M cash to shareholders + ~US $3.6M assumed obligations + US $7.1M loan notes due Dec 31, 2005), a transaction completed in July 2000, structured as combination (cash + assumed obligations + loan notes).
Keltek (Holdings) Limited operates in Electronics manufacturing services (EMS), is based in Kelso, Scotland and Maldon, England, United Kingdom. Keltek (Holdings) Limited, a UK electronics manufacturing services provider, acquired through Plexus Corp. Limited, a wholly-owned Plexus subsidiary, becoming an indirect wholly-owned subsidiary. Operations were located in Kelso, Scotland and Maldon, England.
Added a UK manufacturing presence (Kelso, Scotland and Maldon, England) to Plexus's geographic reach.
Established UK/European manufacturing capacity expanding Plexus's geographic reach. Became an indirect wholly-owned subsidiary via Plexus Corp. Limited; ~77,000 sq ft and ~461 employees in Kelso, Scotland and Maldon, England
On July 14, 2000, Plexus Corp. completed its previously announced acquisition of Keltek (Holdings) Limited ... In the transaction, Plexus paid an aggregate of US $29.4 million. Of that amount, US $18.7 million was paid to Keltek shareholders in cash, Plexus assumed Keltek obligations of approximately US $3.6 million, and Plexus issued (through the subsidiary) loan notes with a principal balance of US $7.1 million.Plexus Corp Form 8-K (period of report July 14, 2000), Item 2
Advisory firms were not disclosed for this transaction.