Flextronics buying Michigan's Saturn Electronics

Dustin Walsh

Published: December 3, 2012 6:00 am ET

Related to this story

Topics Mergers & Acquisitions, Automotive

DETROIT (Updated Dec. 4, 2:50 p.m. ET) — Singapore-based electronics firm Flextronics International Ltd. announced today it acquired Rochester Hills-based Saturn Electronics & Engineering Inc.

Terms of the deal were not announced.

Saturn Electronics supplies solenoids and wiring harnesses to the automotive industry and others. Roughly 70 percent of its business comes from the auto industry.

The firm generated revenue of $289.6 million in 2011. As of Jan. 1, it employed 1,958 — 66 local full-time employees and 231 throughout Michigan.

The company has six locations. In addition to the headquarters, they are in Coopersville, Mich., Mexico (2), the Philippines and China.

It's unclear whether all of those locations will remain open under Flextronics.

“Flextronics’ global presence and stability, along with its commitment to the markets where we operate, make this a perfect fit for the Saturn team,” Gary Lawrey, president and CEO of Saturn Electronics. “Flextronics' supply chain expertise, vertical integration capabilities and global scale will provide great benefit to our customers in terms of increased speed to market and lower cost solutions.”

Flextronics manufactures electronics and solenoids to many companies, including many in Microsoft's product line, such as the Xbox 360 and Zone.

In automotive, Flextronics supplies products and services for lighting, interior, power electronics and connectivity.

The deal is likely to expand Flextronics' access into the industry.

However, Saturn Electronics enjoys preferred status with suppliers and automakers as a minority-owned business, as Wally Tsuha, its founder and chairman, is a Hawaiian-born Asian-American. What will happen to that status under Flextronics is unclear.


Comments

Flextronics buying Michigan's Saturn Electronics

Dustin Walsh

Published: December 3, 2012 6:00 am ET

Post Your Comments


Back to story


More stories

Image

Auto supplier Motus adds more production as it buys Leon Interiors

March 5, 2015 10:52 am ET

Motus Integrated Technologies, a Tier 1 automotive interiors supplier, is getting bigger, adding the assets of Tier 2 supplier Leon Interiors Inc.    More

Image

Wright Plastic Products buys Tennessee auto supplier Hope Industries

March 4, 2015 3:51 pm ET

Michigan custom injection molder Wright Plastic Products Co. LLC has acquired Tennessee-based automotive supplier Hope Industries Inc., the companies ...    More

Image

Best Places To Work: No. 9, Team 1 Plastics Inc.

March 4, 2015 12:11 pm ET

One long-standing, often-cited problem in the plastics industry is the shortage of skilled workers. Automotive injection molder Team 1 Plastics Inc....    More

Image

Accella buys IPS Polymer Systems

March 3, 2015 5:26 pm ET

Accella Performance Materials Inc. is acquiring IPS Polymer Systems Inc. to expand the firm's growing polyurethane operation.    More

Image

Coveris sees 'common culture' form after mergers, acquisitions

March 3, 2015 11:37 am ET

Coveris Holdings Corp. is a mega-rollup in packaging, a major international player, said Robert Larson, president of Coveris' Food and Consumer North ...    More

Market Reports

Flexible Packaging Trends in North America

North America represents about 30 percent of the global consumption of flexible packaging. Annual growth in this region is forecast at 4 percent during the next 5 years.

For more insight on growth opportunities, drivers of growth and the outlook for 2015, download this report.

Learn more

Plastics Recycling Trends in North America

This report is a review and analysis of the North American Plastics Recycling Industry, including key trends and statistics based on 2013 performance. We examine market environment factors, regulatory issues, industry challenges, key drivers and emerging trends in post-consumer and post-industrial recycling.

Learn more

Plastics in Mexico - State of the Industry Report

This report analyzes the $20 billion plastics industry in Mexico including sales of machinery & equipment, resins and finished products.

Our analysts provide insight on business trends, foreign investment, top end markets and plastics processing activity. The report also provides important data on exports, production, employment and value of plastics products manufactured.

Learn more

Upcoming Plastics News Events

June 2, 2015 - June 3, 2015Plastics Financial Summit - Chicago 2015

September 16, 2015 - September 18, 2015Plastics Caps & Closures - September 2015

More Events