PLEXUS CORP acquired Printed circuit board operations of Shure, Incorporated for Cash, at approximately fair market value (amount not separately disclosed), a transaction completed in September 1999, structured as all cash. The deal was a Asset purchase.
Printed circuit board operations of Shure, Incorporated operates in Printed circuit board assembly manufacturing, is based in Wheeling, Illinois (Chicago area), United States. Certain printed circuit board assembly manufacturing assets located in the Chicago, Illinois area, purchased from Shure Incorporated, an unrelated party. The manufacturing assets consisted principally of inventories and equipment. Operations were in Wheeling, Illinois.
Expanded Plexus's printed circuit board assembly manufacturing capacity in the Chicago area.
Added circuit-board assembly capacity in the Chicago market. ~25,000 sq ft and ~125 employees in Wheeling, Illinois at acquisition date
In September 1999, the Company purchased certain printed circuit board assembly manufacturing assets, located in the Chicago, Illinois area, from Shure Incorporated, an unrelated party. The manufacturing assets, consisting principally of inventories and equipment, were purchased at approximately fair market value for cash.Plexus Corp FY1999 Form 10-K405, Item 1 Business
Advisory firms were not disclosed for this transaction.