Flextronics buys Swiss medical molder

By Jeremy Carroll
Assistant Managing Editor

Published: August 28, 2013 3:42 pm ET
Updated: August 28, 2013 3:44 pm ET

Related to this story

Topics Mergers & Acquisitions, Medical, Injection Molding
Companies & Associations Flextronics International Ltd

Flextronics International Ltd., mostly known for manufacturing electronics, is acquiring RIWISA AG, a 300-employee medical plastics processing company.

Specific terms of the deal were not revealed, but the transaction completion is expected by the end of the October, the two companies announced.

RIWISA is a family-owned company based in Hägglingen, Switzerland. The acquisition includes RIWISA’s manufacturing facilities and employees.

“The addition of RIWISA’s precision plastics and automation capabilities to Flextronics Medical is a tremendous complement to the broad range of health care solutions we can offer our customers globally and underscores the strategic commitment we have made to expand our services in this market,” said Mark Kemp, president of Flextronics Medical, in a statement.

Flextronics said the acquisition would broaden its precision injection molding and high-speed automation offerings.

Singapore-based, Flextronics has a main U.S. office in San Jose, Calif. For the fiscal year that ended March 31, Flextronics reported profit of $270 million on sales of $23.6 billion.

 


Comments

Flextronics buys Swiss medical molder

By Jeremy Carroll
Assistant Managing Editor

Published: August 28, 2013 3:42 pm ET
Updated: August 28, 2013 3:44 pm ET

Post Your Comments


Back to story


More stories

Image

Canadian, Mexican injection molders form auto supply joint venture

September 16, 2014 2:26 pm ET

A new automotive parts manufacturer will open in Querétaro, Mexico, through a joint venture between Canadian automotive supplier Papp Plastics and...    More

Image

ZF finalizes deal to buy TRW, creating another global auto supply giant

September 15, 2014 1:09 pm ET

TRW Automotive Holdings, in a supply chain megadeal that has been in the works since mid-July, said Sept. 15 it has agreed to be acquired by German...    More

Image

Germany's Lehmann & Voss buys U.S.-based Performance Compounding

September 12, 2014 11:36 am ET

German compounding firm Lehmann & Voss & Co. KG has acquired Performance Compounding LLC for an undisclosed price.    More

Image

ATS goes global with acquisition of M+W Process Automation

September 10, 2014 2:49 pm ET

ATS Automation Tooling Systems Inc., a maker of factory automation systems in Cambridge, Ontario, has agreed to buy a German company M+W Process...    More

Image

DS Smith adds to footprint with Croatian injection molding acquisition

September 10, 2014 2:05 pm ET

DS Smith plc, the London-headquartered packaging giant, has announced the acquisition of Kaplast dd, a Croatian injection molding company.    More

Market Reports

Shale Gas Market - Analysis of North American Region

This report highlights the impact of shale-based natural gas on the North American plastics market and features an in-depth analysis of production trends in the United States during 2013 and a forecast for 2014 and beyond.

Learn more

Thermoformed Packaging 2014 Market Review & Outlook – North America

This in-depth report analyzes economic and market trends, legislative/regulatory activity impacting supply and demand, business opportunities and threats, materials pricing, manufacturing technology, as well as growth strategies being implemented by thermoformed packaging companies.

Learn more

Pipe, Profile & Tubing Extrusion in North America 2014

U.S. demand for extruded plastics is expected to grow by 3 percent in 2014, with PVC remaining the largest segment.

Plastic pipe will post the strongest gains through 2018, continuing to take market share from competing materials in a range of markets.

Our latest market report provides in-depth analysis of current trends and their financial impact on the pipe, profile and tubing extrusion industry in North America.

Learn more

Upcoming Plastics News Events

January 14, 2015 - January 14, 2015Plastics in Automotive

February 4, 2015 - February 6, 2015Plastics News Executive Forum 2015

More Events