Plexus Corp.

Plexus Announces Closure of Ayer, MA Facility

Published in Law and Health Weekly, August 30th, 2008

Plexus Corp. (NASDAQ:PLXS) announced its intention to close its Ayer, MA manufacturing facility. The Company plans to transition products manufactured in this facility to other Plexus facilities, primarily in Neenah, WI. The closure of the facility is expected by March 2009.

Dean Foate, President and CEO, commented, "As part of our proactive, strategic planning process we have carefully evaluated the value proposition and long-term viability of each of our United States manufacturing locations to ensure we optimize capacity to deliver intelligent, profitable growth that generates ROIC in excess of our weighted average cost of capital. After this analysis, we determined...

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Source: Law and Health Weekly (2008-08-30)

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