Corning Incorporated to Acquire TR Manufacturing, Inc.
Tuesday, December 23, 2014
Corning Incorporated (NYSE: GLW) announced today that it has reached an agreement to acquire TR Manufacturing, Inc. The terms of the agreement were not released. The acquisition is expected to be completed by the end of the first quarter 2015, subject to customary closing conditions, including receipt of regulatory approvals.
With its main activities located in Fremont, Calif., TR Manufacturing 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, TR Manufacturing will be a wholly owned subsidiary of Corning, reporting to Corning’s Optical Communications business segment.