VTech Completes Acquisition of Mexican Manufacturing Facility from QSC, LLC
Hong Kong – VTech Holdings Limited (HKSE: 303) announced today that it has completed the acquisition of a production facility in Tecate, Mexico from QSC, LLC for manufacturing wood enclosure loudspeakers.
The acquisition was announced on 20 January 2021. In addition to manufacturing wood enclosure loudspeakers, it strengthens VTech Contract Manufacturing Services' leading position as a manufacturer of professional audio equipment. Furthermore, the acquisition of a manufacturing site outside Asia expands VTech's global footprint strategically and better serves the needs of its customers.
The transaction was completed on 1 April 2021 and was funded through internal resources.
Discover why Mexico is one of the key production sites for the automotive industry mexico and supply sector worldwide.
Source: www.vtech.com
If you would like to find out more about this topic or are interested in receiving a complimentary business case analysis for your operation in Mexico, please fill out this form or contact us at:
Please note that we do not accept job applications here. If you are interested in applying for a position, please visit the following link: https://www.americanindustriesgroup.com/jobs/
TESLA, the global leading manufacturer of electric vehicles, will be investing over $5 billion USD and creating at least 5,000 new jobs, in what will be […]
MEXICO – Nearshoring and foreign investment could bring a decade of economic growth to Mexico, according to Sociedad Financiera De Objeto Múltiple (Sofom) Serfimex Capital. In […]
Exports of heavy-duty cargo trucks to the U.S. helped propel truck makers in Mexico to their best year ever, as production increased 20.6% year over year […]
The production facility will create up to 1,300 additional jobs and represent a capital expenditure of approximately $165m. BRP has announced its plans to commence the […]