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Provider: New Constructs, LLC
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Provider: Thomson Reuters Stock Report
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Provider: ValuEngine, Inc.
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CTS Corp Announces Sale Of EMS Business To Benchmark Electronics, Inc


Thursday, 3 Oct 2013 07:00am EDT 

CTS Corp announced that it has entered into a definitive agreement with Benchmark Electronics, Inc. under which Benchmark has acquired CTS` Electronics Manufacturing Solutions (EMS) business for $75 million in cash. Included are five manufacturing facilities located in Moorpark, CA, Londonderry, NH, Bangkok, Thailand, Matamoros, Mexico, and San Jose, CA and approximately 1,000 employees. The transaction sharpens CTS` focus on its Components and Sensors business, and provides additional capital to drive growth and enhance shareholder value. 

Company Quote

18.53
0.06 +0.32%
9 Jul 2014