Molex Expands High Performance Cable Assembly Capabilities with Acquisition of Specialty Wire & Cable Leader Temp-Flex Cable, Inc.
According to Mike Miskin, vice president and general manager, Cable Products Business Unit of Molex Incorporateds 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 Molexs 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 companys Global Integrated Products Division.
Editors note: Molex is traded on the NASDAQ Global Select Market (MOLX and MOLXA) in the United States and on the London Stock Exchange. The Companys 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.
Posted by Sean Fenske, Editor-in-Chief, MDT