Acquirer: Suzhou Dongshan Precision Manufacturing Co., Ltd. (China)
Acquired: Multi-Fineline Electronix, Inc. (US)
Value: US$610 million
Industry: Printed Circuit Boards
The $610 million acquisition by Suzhou Dongshan Precision Manufacturing Co., Ltd. (“Suzhou”), of Irvine, CA based Multi-Fineline Electronix, Inc. (“MFLX”) was cleared on June 2, 2016 by CFIUS, which issued a written notice that it has completed its review of the transaction with no further action, having concluded that there are no unresolved national security concerns with respect to the transaction (according to MFLX’s Form 8-K SEC filing). According to past press releases on MFLX’s website, MFLX describes itself as a “global provider of high-quality, technologically advanced flexible printed circuits and assemblies to the electronics industry.” According to the MFLX’s 2015 Form 10-K , MFLX already had Chinese manufacturing facilities, in addition to facilitates in Irvine, California and Singapore. Suzhou operates in precision metal products, with major products being precision sheet metal products and precision castings for various industries, as well as production of concentrator solar cell components and light emitting diode (LED) devices (according to Reuters and Suzhou’s website).