Molex completes acquisition of Phillips-Medisize Corporation

Global manufacturer of complete interconnect solutions, Molex, has completed its acquisition of private equity investment firm, Phillips-Medisize Corporation.

The company will now operate as an indirect subsidiary of Molex.

Martin Slark, chief executive officer of Molex said: “Phillips-Medisize brings strong capabilities to Molex in the medical solutions market globally. Combining Molex’s expertise in electronics and our broad manufacturing presence with Phillips-Medisize’s talented and experienced team will help us better serve the growing needs of the global market for innovative connected health solutions.”

"Phillips-Medisize is excited to be joining the Molex team and looks forward to the opportunities ahead,” said Matt Jennings, chairman, president and chief executive officer, Phillips-Medisize Corporation.

“Phillips-Medisize and Molex together create a strong alignment for continued growth in the connected health solutions market, while maintaining focus on quality, service and innovation.”

As a provider for medical solutions, Phillips-Medsize incorporates a wide variety of products and services, including drug delivery, mobile and portable medical devices, and primary pharmaceutical packaging and diagnostic products.

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