Molex Expands High Performance Cable Assembly Capabilities with Acquisition of Specialty Wire & Cable Leader Temp-Flex Cable,...
December 21 2011 - 1:00PM
Business Wire
Molex Incorporated (NASDAQ:MOLX and MOLXA), a global electronic
components company, today said that it has completed the
acquisition of South Grafton, Mass.-based Temp-Flex Cable, Inc.
Temp-Flex designs and manufactures specialty wire and cable
products that provide technological solutions for the medical,
aerospace, military, computer, electronics, test and measurement
and industrial markets.
According to Mike Miskin, vice president and general manager,
Cable Products Business Unit of Molex Incorporated’s Global
Integrated Products Division, this is a strategic acquisition that
will give Molex access to development and manufacturing expertise
for specialty wire and cable products that will expand its high
performance cable assembly business.
“Temp-Flex is an excellent fit for Molex because it expands our
design and manufacturing capabilities in the specialty wire and
cable products that are such an important part of our high
performance cable assemblies,” said Miskin. “Temp-Flex is a
respected industry leader with innovative designs and quality
manufacturing processes. They will help us quickly deliver the
innovative solutions and specialty cable our global customers
demand. Temp-Flex has an excellent group of talented, experienced
people in addition to its technical expertise in design and
manufacturing.”
Ray Baril, Temp-Flex founder and president, agrees that Molex’s
global resources and presence in the high performance cable
assembly market will give both companies the opportunity for faster
growth.
“Our capabilities complement each other,” he added. “Together,
we are confident we can become a major force in the rapidly
expanding global market for high performance cable assemblies.”
Temp-Flex Cable, Inc. was incorporated in 1985. It will operate
as a subsidiary of Molex Incorporated and will be part of the
company’s Global Integrated Products Division.
Editor’s note: Molex is traded on the NASDAQ Global Select
Market (MOLX and MOLXA) in the United States and on the London
Stock Exchange. The Company’s voting common stock (MOLX) is
included in the S&P 500 Index.
About Molex Incorporated
Providing more than connectors, Molex delivers complete
interconnect solutions for a number of markets including data
communications, telecommunications, consumer electronics,
industrial, automotive, medical, military, lighting and solar.
Established in 1938, the company operates 39 manufacturing
locations in 16 countries.
Molex is a registered trademark of Molex Incorporated.
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