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Sanmina Snares 300,000-SF Telecom Corridor Site

RICHARDSON, TX-San Jose, CA-based Sanmina Corp. has finalized its takeover of a 300,000-sf manufacturing facility from Alcatel. The Telecom Corridor buy is Sanmina's fifth property in North Texas and comes with a 15-year supply contract.

By Connie Gore | Updated on August 27, 2001

RICHARDSON, TX-San Jose, CA-based Sanmina Corp. has signed the final paper to its fifth buy in North Texas, acquiring Alcatel’s 300,000-sf manufacturing facility in Richardson’s Telecom Corridor.

Earlier this year, Alcatel, headquartered in Paris, announced plans to sell the property. Sanmina, a 15-year supplier to Alcatel, stepped up to the plate and scored a homerun not only with the buy, but a multi-year supply contract, according to a company statement. Financials are being kept under wraps.

“The planned acquisition of this operation,” says Jure Sola, Sanmina’s chairman and CEO, “expands our world-class manufacturing capabilities, supporting our strategic growth goals.” The Richardson acquisition takes Sanmina to 60 facilities worldwide.

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