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The US-based Multek operation will remain a wholly owned Flex subsidiary.
March 27, 2018
By: DAVID SAVASTANO
Editor, Ink World Magazine
Flex Ltd. has entered into an agreement with Multi-Fineline Electronix Inc. (MFLEX), a wholly-owned subsidiary of Suzhou Dongshan Precision Manufacturing Co., Ltd (DSBJ), to divest the China-based operations of the Flex subsidiary, Multek. According to the terms of the agreement, upon closing, MFLEX will acquire all of the equity interests in the non-US subsidiaries of Flex that operate the China-based business of Multek, for proceeds of approximately $273 million, net of cash. Multek will c...
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