Corning has acquired TR Manufacturing
Corning Inc. (“Corning”), one of the world’s leading innovators in materials science, completed the acquisition of TR Manufacturing Inc. (“TRM”) on January 9, 2015. Lincoln International (“Lincoln International”), a global mid-market investment bank, served as Corning’s exclusive financial advisor in the transaction.
TRM, headquartered in Fremont, California, is an industry leading provider of fiber-optic and copper cable/component interconnects and electro-mechanical assemblies to OEMs (original equipment manufacturers) in a wide range of technology industries. Upon closing, TRM will be a wholly owned subsidiary of Corning, reporting to Corning’s Optical Communications business segment.
“We are excited about the opportunity to expand Corning’s capabilities to service the growing bandwidth demand of all network operators,” said Clark S. Kinlin, executive vice president, Corning Optical Communications, in a statement. “TR Manufacturing’s expertise, supported by Corning’s global infrastructure, will allow the new entity to better meet customer needs for innovative solutions. We look forward to building a bright future together with their talented team.”
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