10.01.13
San Jose, Calif.-based Flextronics has purchased Switzerland-based RIWISA AG, a privately held and family-owned provider of high-volume, high-precision, injection molding and automated solutions. Once the deal is finalized, Flextronics will acquire RIWISA’s state-of-the-art manufacturing facilities for medical, consumer packaging and industrial products, which will broaden its precision injection molding and high-speed automation operations.
“The addition of RIWISA’s precision plastics and automation capabilities to Flextronics Medical is a tremendous complement to the broad range of healthcare 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. “We look forward to creating a European Center of Excellence for precision plastics in Switzerland and adding RIWISA’s highly talented team to the Flextronics family.”
“In the scope of the succession plans, we carefully reviewed several different scenarios. Primary importance was focused on the future of the company and its employees, the changing customer requirements and increasing globalization of the market," said Gerold Richner, general manager of RIWISA. “By its sale to Flextronics, with its operations in more than 30 countries and global customer base, RIWISA is given access to the world market, enabling a solid foundation for successful future growth for the employees and the continuation of the company’s industry legacy of more than 67 years.”
Completion of the transaction is expected by the end of October. Additional terms of the deal were not disclosed.
Helbling Business Advisors, part of PMCF Mergers & Acquisitions, was an advisor to RIWISA.
“The addition of RIWISA’s precision plastics and automation capabilities to Flextronics Medical is a tremendous complement to the broad range of healthcare 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. “We look forward to creating a European Center of Excellence for precision plastics in Switzerland and adding RIWISA’s highly talented team to the Flextronics family.”
“In the scope of the succession plans, we carefully reviewed several different scenarios. Primary importance was focused on the future of the company and its employees, the changing customer requirements and increasing globalization of the market," said Gerold Richner, general manager of RIWISA. “By its sale to Flextronics, with its operations in more than 30 countries and global customer base, RIWISA is given access to the world market, enabling a solid foundation for successful future growth for the employees and the continuation of the company’s industry legacy of more than 67 years.”
Completion of the transaction is expected by the end of October. Additional terms of the deal were not disclosed.
Helbling Business Advisors, part of PMCF Mergers & Acquisitions, was an advisor to RIWISA.