PLEXUS CORP acquired MCMS, Inc. (specified assets) for Base purchase price of $45 million plus specified assumed liabilities (cash), subject to working-capital adjustments, a transaction completed in January 2002, structured as all cash. The deal was a Asset purchase (Chapter 11 / Section 363 sale).
MCMS, Inc. (specified assets) operates in Electronics manufacturing services (EMS) - Asia entry, is based in Penang, Malaysia; Xiamen, China; Nampa, Idaho. Specified assets of MCMS, Inc., an EMS provider that had filed for reorganization under Chapter 11; the purchase was approved by the bankruptcy court. The acquired assets included the stock of MCMS's Chinese and Malaysian subsidiaries (facilities in Penang, Malaysia; Xiamen, China; and Nampa, Idaho), establishing Plexus's initial manufacturing presence in Asia.
Established Plexus's initial manufacturing presence in Asia via facilities in Malaysia and China plus Nampa, Idaho.
Established Plexus's initial Asian manufacturing presence (Malaysia and China) plus a Nampa, Idaho facility, acquired out of Chapter 11 without interest-bearing debt. Includes the stock of MCMS's Chinese and Malaysian subsidiaries; established initial Asian manufacturing presence
On January 8, 2002, Plexus Corp. completed its previously announced acquisition of specified assets of MCMS, Inc. pursuant to an Asset Purchase Agreement dated as of November 28, 2001 ... the base purchase price was $45 million, plus the specified assumed liabilities, subject to verifications and future adjustments ... The purchase price was paid in cash.Plexus Corp Form 8-K (period of report January 8, 2002), Item 2
Advisory firms were not disclosed for this transaction.