Celestica enters asset purchase agreement with Karel Manufacturing
Celestica announced that it has completed a transaction to purchase the business assets of Lorenz and Suntek Manufacturing Technologies, SA de CV, collectively known as Karel Manufacturing, a Mexico-based manufacturing services company. As part of this transaction, Celestica has acquired Karel's manufacturing assets in both Mexicali, Mexico and Calexico, California. Through this agreement, Celestica will gain additional vertical build-to-print capabilities in the areas of complex wire harness assembly, systems integration, sheet metal fabrication, welding and machining. The operation is Nadcap1-certified with focused expertise serving Aerospace and Defense customers. Approximately 400 Karel employees will be joining Celestica from across the two operations.