US-based supply chain solutions company Flextronics is set to acquire RIWISA to expand medical capabilities.
According to the definitive agreement signed by the both companies Flextronics will acquire RIWISA’s manufacturing facilities and highly-experienced employees in medical, consumer packaging and industrial products.
This will broaden the precision injection molding and high-speed automation offerings.
The transaction is expected to take place by the end of October 2013 where certain closing conditions and regulatory approvals are subjected.
Flextronics Medical president Mark Kemp said: "The addition of RIWISA’s precision plastics and automation capabilities to Flextronics Medical is a tremendous complement to the broad range of healthcare solutions we can offer our customers globally and underscores the strategic commitment we have made to expand our services in this market."