Celestica

Celestica Inc. is a Canadian multinational design, manufacturing, hardware platform, and supply chain electronics manufacturing services (EMS) company, which is headquartered in Toronto, Ontario. The company operates in 50 sites across 15 countries.<ref>Template:Cite news</ref>

History

Celestica was incorporated in 1994 as a subsidiary of IBM.<ref>Template:Cite web</ref> In 1996, it was sold off to Onex Corporation.

In April 2001, the company announced it was laying off 3,000 people, about 10% of its workforce, due to the dot-com crash.<ref>"Celestica, Inc. Raises Earnings Outlook; Announces Job Cuts", 18 April 2001</ref> Losses mounted and on 29 January 2004 the company announced that company CEO Eugene Polistuk would be retiring. In April 2004, Stephen Delaney took over as CEO in a temporary capacity.<ref>"Polistuk leaves Celestica", CBC News, 28 January 2004</ref>

CEO Craig Muhlhauser announced his retirement in October 2014. Rob Mionis took over from him on 1 August 2015.<ref>Template:Cite web</ref>

1998 Initial Public Offering (IPO)

On 29 June 1998, Celestica began its initial public offering (IPO) and agreed to sell 20.6 million shares at a price of US$17.50.<ref>Template:Cite web</ref>

Acquisition history

In 1997, Celestica established its presence in Europe with the acquisition of Design-to-Distribution (D2D) Limited, an International Computers Limited (ICL) company that was the largest European-based EMS company.<ref>Template:Cite news</ref> The same year, Celestica announced its first US-based acquisition: Hewlett-Packard's Fort Collins, Colorado printed circuit assembly (PCA) operation. <ref> "Fort Collins plucks high-tech plum", Denver Business Journal, 17 August 1997</ref>

In January 1998, Celestica established its first manufacturing presence in Mexico by acquiring Lucent Technologies's manufacturing facility in Monterrey, Mexico.<ref>"Celestica enters Brazil, Malaysia" EE Times, 23 June 1999 </ref> The following month, the company expanded its European footprint by acquiring Madge Networks' Dublin, Ireland operation.<ref>"Madge bought by Celestica" Independent.ie, 23 February 1998 </ref> Also in 1998, acquired IMS (International Manufacturing Services) to establish manufacturing operations in Japan, Thailand, Hong Kong, and China.<ref>"IMS reports loss as company prepares for acquisition by Celestica" EDN, 24 November 1998</ref>

In 2000, Celestica acquired IBM's facilities in Vimercate and Santa Palomba, Italy and a facility in Rochester, Minnesota.<ref>"Celestica, IBM sign $1.5B outsourcing deal" EDN, 12 January 2000</ref>

In May 2001, certain Avaya, Inc products and manufacturing processes were acquired by Celestica. The locations of Avaya's Denver, Colorado and Little Rock, Arkansas were for Celestica to supply telecommunications products such as printed circuit boards and systems repair, test, and assembly. This acquisition of Avaya's certain assets were for Celestica to establish a five-year contract in manufacturing outsourcing partnership and supply chain management for a more diverse telecommunication products for Celestica.<ref>Template:Cite web</ref>

In August 2001, Celestica acquired certain assets in Saumur, France and established a global location at the following address: ZI de Saint Lambert 49412 Saumur Cedex France.<ref>Template:Cite web</ref>

In August 2001, certain Lucent Technologies manufacturing assets in Oklahoma City, Oklahoma and Columbus, Ohio were signed into a five-year supply agreement by Celestica and positioning it as a lead electronics manufacturing services provider for Lucent’s North American wireless networking systems, access, and switching products.<ref>Template:Cite web</ref> With this supply agreement with Lucent, it was one of the top three customers with over 10% of the revenue for Celestica in 2001, IBM and Sun Microsystems were the other customers in this revenue segment since 2000 and 1999, respectively.<ref>Template:Cite web</ref> The Lucent deal cost $570 million in cash for Celestica and possible value of up to $10 billion as a contract manufacturer for Lucent's strategy of developing networking systems, instead of manufacturing.<ref>Template:Cite web</ref>

In October 2001, Celestica acquired Omni Industries,<ref>Template:Cite web</ref> expanding the company's presence in China, Malaysia and Singapore.<ref> "Celestica to Buy Omni Industries In Deal Worth About $890 Million" Wall Street Journal, 18 June 2001 </ref> Additionally, adding corporate locations in Thailand and Indonesia with the Omni acquisition.<ref>Template:Cite web</ref>

In 2012, Celestica acquired D&H Manufacturing Company, a leading manufacturer of precision machined components and assemblies.<ref>"Onex-Backed Celestica Buys D&H Manufacturing" Wall Street Journal, 10 September 2012</ref>

In 2018, Celestica acquired Atrenne Integrated solutions and Impakt.<ref>"Celestica gains slice of growing OLED display market with $330-million deal for U.S. manufacturer" The Globe and Mail, 10 October 2018</ref>

Social and environmental responsibility

In 2021, Celestica committed to the UN Global Compact corporate responsibility initiative and its principles in the areas of human rights, labour, the environment, and anti-corruption. <ref> "Our Participants" "United National Global Compact"</ref> Celestica adopted the UN Sustainable Development Goals (SDGs) as part of its sustainability strategy and corporate social responsibility programs. The goals promote strategies to address poverty, inequality, climate change, environmental degradation, peace, and justice. <ref>Template:Cite web</ref>

Awards and recognition

Celestica has been the recipient of the following awards:

• The Corporate Knights, Best 50 Corporate Citizens (years: 2022, 2021, 2019, 2017, 2016, 2015)<ref>"Canada's Best 50 corporate citizens of 2022 continue to conquer the markets" The Corporate Knights, 29 June 2022</ref>
• The Global 100 Most Sustainable Corporations in the World, Corporate Knights (years: 2019, 2016, 2015)<ref>"2019 Global 100 results" The Corporate Knights, 22 January 2019</ref>
• Lam Research, Supplier Excellence Award (2020)<ref>"Celestica Receives 2020 Supplier Excellence Award from Lam Research" Canada Electronics Assembly, 1 November 2020</ref>
• Clean 16 Leadership in Greenhouse Gas Emissions Reductions (2021)<ref>"The Clean16 awards" Clean50, 2021</ref>
• Clean 50 Top Project: Recognition for Environmental Protection and Recycling Practices (2021)<ref>"Decommissioning HQ & Manufacturing Operations: Celestica" Clean50, 2021.</ref>

Further reading

• Template:Cite news
• Template:Cite web

External links

• Template:Official website