Key Tronic completes acquisition of CDR Manufacturing

SPOKANE VALLEY, USA: Key Tronic Corp., a provider of electronic manufacturing services (EMS), announced that it has signed a definitive agreement and completed the acquisition of CDR Manufacturing Inc. (dba Ayrshire Electronics) for $46.9 million in cash.

CDR has annual revenue of approximately $120 million and provides printed circuit board assembly and other EMS services to a diversified customer base, including a number of large multi-national companies. It operates manufacturing facilities in Minnesota, Arkansas, Mississippi, Kentucky and Mexico.