Phillips-Medisize to be acquired by Molex LLC

Phillips-Medisize Corporation, a global leader in outsource design, development and manufacturing services for the medical industry announced Wednesday that it has entered into a binding agreement to be acquired by Molex LLC (Molex), a global manufacturer of complete interconnectsolutions.

Headquartered in Hudson, Phillips-Medisize is a portfolio company of San Francisco, Calif.-based Golden Gate Capital, a private equity investment firm with approximately $15 billion of capital under management.

Phillips-Medisize employs more than 4,300 people in 17 production locations throughout the United States — including Menomonie, Europe, Mexico and China. Molex designs and manufactures electronic, electrical and fiber optic systems and solutions. As one of the world’s largest interconnect companies, Molex employs more than 40,000 people in more than 40 countries.

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