TORONTO—Celestica Incorporated intends to acquire D&H Manufacturing Co., in Fremont, Calif., for $70 million.
D&H makes precision machined components and assemblies for the semiconductor capital equipment market.
The deal gives Celestica manufacturing and engineering capacity and equipment for prototype and quick-turn support to some of the world’s leading semiconductor capital equipment OEMs.
D&H posted $80 million in annual revenue, and employs approximately 350 people.
“The acquisition of D&H further strengthens Celestica’s diversified markets offering, and will allow us to provide our customers with additional capability in large scale and high quality precision machining that will complement our capabilities in complex mechanical and systems integration services,” said Craig Muhlhauser, president and CEO at Celestica.
Based in Toronto, Celestica is global engineering and electronics manufacturing tim with market capitalization of $1.56 billion and more than 35,000 employees.