Boston, MA – Capstone Partners LLC, a leading investment banking firm, announced that it has successfully advised TR Manufacturing, Inc. on its acquisition by Corning Incorporated. Terms of the transaction were not released.
Headquartered in Freemont, California, with additional facilities located in Texas and Singapore, TR Manufacturing is a leading provider of fiber-optic and copper cable, component interconnects and electro-mechanical assemblies. The company provides its products to customers in a wide range of technology industries. TR Manufacturing offers three main product lines: Copper Interconnects & Harnesses, Fiber Optic Interconnects & Modules, and Electro-mechanical box builds. With a diverse portfolio of products and services, TR works with customers to meet all their requirements for prototyping, first runs and full production manufacturing, while maintaining stringent operating guidelines to ensure the highest quality and reliability for its products and services.
Corning is a global provider of connectivity solutions for every part of the communications network. The addition of TR Manufacturing's products and capabilities to Corning’s portfolio of connectivity products and global manufacturing reach will enable Corning to extend its position as a leading provider of optical solutions. Besides the telecom industry that Corning primarily serves, TR Manufacturing will help deepen the company's presence in a number of other verticals, including expanded penetration into data centers and semiconductor equipment manufacturers.