Kimball Electronics Acquires Bayer Healthcare Manufacturing Operation; Wales, U.K. Facility Supports Growth and Diversification.JASPER, Ind. -- Kimball Electronics Group, Inc., through its related subsidiaries, has announced the acquisition of the manufacturing operation for Bayer HealthCare's Diagnostics Division located in Bridgend, Wales Wales, Welsh Cymru, western peninsula and political division (principality) of Great Britain (1991 pop. 2,798,200), 8,016 sq mi (20,761 sq km), west of England; politically united with England since 1536. The capital is Cardiff. , UK. Bayer HealthCare's Diagnostics Division operates as part of Bayer Healthcare LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , a member of the worldwide Bayer Group (NYSE NYSE See: New York Stock Exchange :BAY). Kimball purchased the equipment and inventory, and hired the 164 experienced Bayer employees working at the site, which Kimball will lease from Robert Hitchins Ltd., a local property developer and the new site owner. Kimball Electronics Group, Inc., a subsidiary of Kimball International Kimball International, Inc. NASDAQ: KBALB is a manufacturer of furniture and industrial electronics. Founded by W.W. Kimball in 1857 as a piano dealership, it was discontinued after 1996 but remains one of America's oldest and most distinguished keyboard instrument , Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :KBALB) is a global contract 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). (EMS) company that specializes in durable electronics with applications in the medical, industrial controls, public safety and automotive industries Automotive Industries, Ltd. (Hebrew: תעשיות רכב נצרת עלית, תע"ר . "We are very excited about the growth opportunities in the medical market, and the Bridgend team and their capabilities will significantly add to our package of value that we offer to our medical customers," stated Don Charron, President, Kimball Electronics Group. Kimball will continue to provide manufacturing services to Bayer for the products Bayer currently manufactures at the plant as well as seek new medical customers for the facility. "Bayer and Kimball have had an excellent partnership over the past eight years and our Bridgend agreement further deepens our relationship," added Charron. Kimball International President and Chief Executive Officer Jim Thyen commented, saying, "This acquisition is one more visible step in our strategy to advance our global capabilities and responsiveness in electronics." Thyen added "We are proud of the reputation earned by our Electronics Group, and we are committed to serving our customers' needs, both as a partner as well as a supplier." About Kimball Electronics: Kimball Electronics Group is well recognized for its excellence in quality, reliability and innovative service. The September 2005 issue of "Electronic Business" magazine ranked Kimball Electronics as # 26 among the global Top 100 Contract Manufacturers. In June 2005, "Electronics Supply & Manufacturing" magazine rated Kimball Electronics #20 among the Top 50 Electronics Manufacturing Services Companies. Kimball Electronics Group 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 the U.S., Mexico, Thailand, Poland, and a soon to be completed new facility in China. About Bayer HealthCare, Diagnostics Division: Bayer HealthCare, Diagnostics Division (www.bayerdiag.com), based in Tarrytown, New York Tarrytown is a village in Westchester County, New York, United States. The population was 11,090 at the 2000 census. The Village of Tarrytown is located in the northwest part of the Town of Greenburgh, New York. , U.S.A., is one of the largest diagnostic businesses in the world. The organization supports customers in 100 countries through an extensive portfolio of laboratory testing, molecular testing and near patient care diagnostics systems and services for use in the assessment and management of health, including the areas of cardiovascular and kidney disease Kidney Disease Definition Kidney disease is a general term for any damage that reduces the functioning of the kidney. Kidney disease is also called renal disease. , oncology, virology virology, study of viruses and their role in disease. Many viruses, such as animal RNA viruses and viruses that infect bacteria, or bacteriophages, have become useful laboratory tools in genetic studies and in work on the cellular metabolic control of gene expression and women's health Women's Health Definition Women's health is the effect of gender on disease and health that encompasses a broad range of biological and psychosocial issues. . Bayer HealthCare, Diagnostics Division's global headquarters in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. operates as part of Bayer HealthCare LLC, a member of the worldwide Bayer HealthCare group. About Bayer HealthCare AG: Bayer HealthCare, a subsidiary of Bayer AG, is one of the world's leading, innovative companies in the healthcare and medical products industry, based in Leverkusen, Germany. In 2005, the Bayer HealthCare subgroup generated sales amounting to some 9.4 billion Euro. Bayer HealthCare employed 33,800 people worldwide in 2005. The company combines the global activities of the divisions Animal Health, Consumer Care, Diabetes Care, Diagnostics and Pharmaceuticals. Since January 1, 2006 the new Pharmaceutical Division consists of the former Biological Products and Pharmaceutical Division and now comprises three business units: Hematology/Cardiology, Oncology and Primary Care. Bayer HealthCare's aim is to discover and manufacture products that will improve human and animal health worldwide. The products enhance well-being and quality of life by diagnosing, preventing and treating diseases. About Kimball International: Kimball International, Inc. (NASDAQ:KBALB) provides a variety of products from its two business segments: the Furniture and Cabinets segment and the Electronic Contract Assemblies segment. The Electronic Contract Assemblies segment provides engineering and manufacturing services which utilize common production and support capabilities to a variety of industries globally. The Furniture and Cabinets segment provides furniture for the office and hospitality industries, sold under the Company's family of brand names. The Furniture and Cabinets segment also provides engineering and manufacturing services which utilize common production and support capabilities on a contract basis to customers in the office furniture and residential furniture and cabinets industries. To learn more about Kimball International, Inc., visit the Company's website on the Internet at: www.kimball.com "Kimball International ... We Build Success!" |
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