[October 26, 2016] |
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Molex Completes Acquisition of Phillips-Medisize Corporation
Molex,
a global manufacturer of complete interconnect solutions, has completed
its previously announced acquisition of Phillips-Medisize Corporation, a
portfolio company of the San Francisco, CA -based private equity
investment firm, Golden Gate Capital. Phillips-Medisize will operate as
an indirect subsidiary of Molex (News - Alert), LLC. Financial terms of the transaction
were not disclosed.
"Phillips-Medisize brings strong capabilities to Molex in the medical
solutions market globally," said Martin Slark, chief executive officer
of Molex, LLC. "Combining Molex's expertise in electronics and our broad
manufacturing presence with Phillips-Medisize's talented and experienced
team will help us better serve the growing needs of the global market
for innovative connected health solutions."
"Phillips-Medisize is excited to be joining the Molex team and looks
forward to the opportunities ahead," said Matt Jennings, chairman,
president and chief executive officer, Phillips-Medisize Corporation.
"Phillips-Medisize and Molex together create a strong alignment for
continued growth in the connected health solutions market, while
maintaining focus on quality, service and innovation."
Hudson, Wisconsin-based Phillips-Medisize is a leading global outsource
provider with a focus on medical solutions that include drug delivery,
mobile and portable medical devices, and primary pharmaceutical
packaging and diagnostic products, including disposable insulin pens,
glucose meters, inhalation drug delivery devices, single use surgical
devices and consumable diagnostic components.
For more information about Phillips-Medisize, please visit www.phillipsmedisize.com.
About Molex:
Molex brings together innovation and technology to deliver electronic
solutions to customers worldwide. With a presence in more than 40
countries, Molex offers a full suite of solutions and services for many
markets, including data communications, consumer electronics,
industrial, automotive, commercial vehicle and medical. For more
information, please visit www.molex.com.
Molex Resources:
Molex is a registered trademark of Molex, LLC in the United States of
America and may be registered in other jurisdictions.
View source version on businesswire.com: http://www.businesswire.com/news/home/20161026006068/en/
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