Celestica's Purchase of HP's Exeter, N.H., System Assembly Operation Complete.TORONTO--(BUSINESS WIRE)--Sept. 2, 1997--Celestica, Inc. ("Celestica") and Hewlett-Packard Company announced today that the purchase of HP's Exeter, N.H., system assembly operation by Celestica New England New England, name applied to the region comprising six states of the NE United States—Maine, New Hampshire, Vermont, Massachusetts, Rhode Island, and Connecticut. The region is thought to have been so named by Capt. , Inc., a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of Celestica, is complete. This transaction was announced on June 16, 1997, and has been completed based on the terms initially outlined. "We're very pleased to have the Exeter system assembly operation join the Celestica Group," said Eugene Polistuk, president and chief executive officer of Celestica. "The addition of their system build capability is a very strategic move for Celestica's expanding global business." "The Celestica Group's acquisition of HP's Exeter system assembly operation builds on the relationship HP has established with Celestica," said Chris Christopher, general manager of HP's Workstation Systems Division. "This acquisition integrates the UNIX UNIX Operating system for digital computers, developed by Ken Thompson of Bell Laboratories in 1969. It was initially designed for a single user (the name was a pun on the earlier operating system Multics). (R) system workstation supply chain in an environment that enables HP to have a very efficient business model so we can continue to provide our customers with competitive industry solutions." ABOUT THE CELESTICA GROUP The Celestica Group of companies is one of the three largest worldwide participants in the rapidly expanding electronics manufacturing services Electronic manufacturing services (EMS) is term used for companies that design, test, manufacture, distribute and provide return/repair services for electronic component and assemblies for original equipment manufacturers (OEMs). industry. The Group provides a full range of services including design, prototyping, assembly, testing, product assurance, worldwide distribution and after-sales service after-sales service n (BRIT) (COMM) (for car, washing machine etc) → servicio de asistencia pos-venta after-sales service n → service m to its customers in the computer, telecommunications and related industries. The Celestica Group is headquartered in Toronto, Canada, and has annual revenues of $2.6 billion (U.S.). With more than 6,000 employees worldwide, the Celestica Group of companies has manufacturing operations Manufacturing operations concern the operation of a facility, as opposed to maintenance, supply and distribution, health, and safety, emergency response, human resources, security, information technology and other infrastructural support organizations. in Toronto, Canada; Fort Collins, Colorado The City of Fort Collins, a home rule municipality situated on the Cache la Poudre River along the Colorado Front Range, is the county seat and most populous city in Larimer County, Colorado. ; Irvine, California Irvine is an incorporated city in Orange County, California, United States. It is a planned city, mainly developed by the Irvine Company since the 1960s. Formally incorporated on December 28 1971, the 69.7 square mile (180.5 km²) city has a population of 202,079 (as of 2007). ; and Manchester, England. Celestica also has design facilities in Johnson City, New York Johnson City is a village in Broome County, New York, United States. The population was 15,535 at the 2000 census. The Village of Johnson City was established in the Town of Union, New York and is a part of the "Triple Cities" along with Endicott, New York and ; and Boulder, Colorado. For further information on Celestica, visit its Website at http://www.celestica.com . ABOUT HP HP is the official information-technology hardware and maintenance supplier to the 1998 World Cup soccer tournament. Hewlett-Packard Company is a leading global provider of computing, Internet and intranet solutions, services, communications products and measurement solutions, all of which are recognized for excellence in quality and support. HP has 120,500 employees and had revenue of $38.4 billion in its 1996 fiscal year. Information about HP and its products can be found on the World Wide Web at http://www.hp.com . -0- UNIX is a registered trademark in the United States and other countries, licensed exclusively through X/Open(R) Company Limited. X/Open is a registered trademark, and the X device is a trademark of X/Open Company Ltd. in the UK and other countries. CONTACT: Celestica, Inc. Laurie Flanagan, 416/448-5790 lflanagan@celestica.com or Hewlett-Packard Company Mary Lou Simmermacher, 650/857-7794 marylou_simmermacher@hp.com |
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