Sanmina acquires Alcatel's manufacturing operations in Richardson, Texas
Aug. 27, 2001--Alcatel said in February 2001 that it planned to divest this operation.
Sanmina Corporation (Nasdaq: SANM), an electronics contract manufacturer, and Alcatel (NYSE: ALA), a global supplier of next-generation networks, announced Sanmina has acquired Alcatel's manufacturing operations in Richardson, Texas. Alcatel said in February 2001 that it planned to divest this operation. The advanced manufacturing operation in Richardson is ISO 9001 and TL 9000 certified and occupies facilities totaling approximately 300,000 square feet.
Financial terms of the transaction, which includes a multi-year supply contract, were not disclosed. The divestiture also is expected to result in operational efficiencies for Alcatel that will improve cash flow and further strengthen its position in the marketplace.
Founded in 1980, Sanmina Corporation provides a cost-efficient, design and manufacturing solution to original equipment manufacturers (OEMs) in the communications, medical, industrial instrumentation, and high-end computer sectors. For more information, visit www.sanmina.com.
Alcatel builds next generation networks, delivering integrated end-to-end voice and data networking solutions to carriers, enterprises and consumers worldwide. For more information, visit www.alcatel.com.