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Flextronics subsidiary Multek agreed to acquire Sheldahl, a supplier of flexible printed circuits and related circuit materials, in a stock-for-stock merger announced in August 2004. The deal was intended to add flexible substrates to Multek’s rigid-PC-board business, giving customers a broader circuit-supply option.

Who was acquiring Sheldahl?

Multek, a PC-board supplier and wholly owned subsidiary of Flextronics, agreed to acquire Sheldahl. EDN reported the agreement on August 17, 2004, with the companies planning to complete the merger by the end of that month. The transaction was structured as a stock-for-stock merger. EDN’s August 17, 2004 report is the contemporaneous source for the announcement and terms described here.

What did Sheldahl make?

Sheldahl supplied advanced laminates, high-performance tapes, flexible printed circuits, and printed-circuit materials. Its products served automotive and data-communications markets. The company’s intellectual-property portfolio included the patented Novaclad process, used to make advanced adhesiveless laminates for fine-geometry circuitry.

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How large was Sheldahl?

  • Employees: 450, according to EDN’s 2004 report.
  • Manufacturing space: more than 300,000 square feet, according to the same report.
  • Locations: headquarters in Northfield, Minnesota, plus facilities in the Philippines and Mexico.

Why did Multek want a flexible-circuit supplier?

Multek specialized in rigid printed-circuit boards. Adding Sheldahl’s flexible circuits and substrates was presented as a way to broaden Multek’s product range and offer customers a single source for both PC boards and flexible substrates. EDN also noted that Multek had recently restructured following weak PC-board demand and shipments; the acquisition therefore came as the company sought to expand its offering.

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MC2-FPCB1 Fit for BW GasAlertMicro Clip XT/XL, Replacement Flex PCB for Oxygen O2 Sensor, MC2
  • MC2-FPCB1 Flexible PCB cable Fit for Gas Alert Micro Clip XT and Xl, Replacement Flex PCB for Oxygen O2 Sensor XT/XL, MCXL-4
  • MC2-FPCB1 Flex Printed Circuit Board connects the O2 Sensor (SR-X2V) to the main printed circuit board
  • MC2-FPCB1 O2 SENSOR FLEX BOARD
  • Package includes:1 piece MC2-FPCB1 Flexible PCB cable
  • Disclaimer:The brand names, part numbers, or model names used in this product are for display and identification purposes only and are used solely to describe compatibility. The use of the manufacturer's brand names and logos is registered trademarks of their respective owners. Their use does not imply any affiliation or endorsement by any party

What financial contribution did Flextronics expect?

Flextronics and Multek expected Sheldahl to add approximately $80 million in annual revenue. They also projected an increase of at least $0.01 in annual diluted earnings per share. That EPS estimate excluded synergies and amortization while including incremental shares issued in the merger; it was a company expectation reported in 2004, not a measured outcome.

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MC2-FPCB1 Fit for BW GasAlertMicro Clip XT/XL, Replacement Flex PCB for Oxygen O2 Sensor, MC2
MC2-FPCB1 Fit for BW GasAlertMicro Clip XT/XL, Replacement Flex PCB for Oxygen O2 Sensor, MC2
MC2-FPCB1 O2 SENSOR FLEX BOARD; Package includes:1 piece MC2-FPCB1 Flexible PCB cable
$31.01
Bestseller No. 2
MC2-FPCB1 Flex PCB for Oxygen O2 Sensor Fit for BW GasAlertMicro Clip XT
MC2-FPCB1 Flex PCB for Oxygen O2 Sensor Fit for BW GasAlertMicro Clip XT
[Replace Part Number] for MC2-FPCB1; [Package Included]1Pcs Flex PCB
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Bestseller No. 3
18 * 30cm protoboard for 0.4mm Soft Thin PCB Flexible Single Side PCB FR4 breadboard Circuit Board DIP SMD PCB Board Prototype Matrix Print Paper
18 * 30cm protoboard for 0.4mm Soft Thin PCB Flexible Single Side PCB FR4 breadboard Circuit Board DIP SMD PCB Board Prototype Matrix Print Paper
Hole spacing: 2.54mm (100mil); 18*30cm 0.4mm Soft thin pcb; For flexible Single Side pcb FR4 breadboard
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YUNGUI Printed Circuit Board,47X116MM PCB Strip Breadboard for Electronic Project and DIY Soldering(Pack of 8),Green
YUNGUI Printed Circuit Board,47X116MM PCB Strip Breadboard for Electronic Project and DIY Soldering(Pack of 8),Green
♔4 mounting holes at the corners of the board are very convenient for installing them.
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Rank #4
YUNGUI Printed Circuit Board,47X116MM PCB Strip Breadboard for Electronic Project and DIY Soldering(Pack of 8),Green
  • ♔What you get: 8PCS X 47x116x1.6mm PCB prototype stripboards ;Material: FR4 glass fiber plate,all Copper foils are Tin-plating for strength.
  • ♔The solderable breadboard contains hole diameter of 1mm/0.04” and standard hole pitch (2.54mm), the number of holes is Hole (row x column) : 37 x 11+40.,is more suitable for Electronic parts and Electronic equipment.
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  • ♔The printed circuit board is suitable for analog circuits and discrete circuits,can be perfectly suitable for Arduino kits and electronic experiments.
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Rank #3
18 * 30cm protoboard for 0.4mm Soft Thin PCB Flexible Single Side PCB FR4 breadboard Circuit Board DIP SMD PCB Board Prototype Matrix Print Paper
  • Hole spacing: 2.54mm (100mil)
  • 18*30cm 0.4mm Soft thin pcb
  • For flexible Single Side pcb FR4 breadboard
  • 18*30cm protoboard For 0.4mm Soft thin pcb flexible Single Side pcb FR4 breadboard circuit board DIP SMD PCB Board Prototype matrix print paper
Rank #2
MC2-FPCB1 Flex PCB for Oxygen O2 Sensor Fit for BW GasAlertMicro Clip XT
  • [Replace Part Number] for MC2-FPCB1
  • [Compatible With]Flex Flexible Printed Circuit Compatible with BW GasAlertMicroClip XT,BW GasAlertMicroClipXL,Oxygen O2 Sensor MCXL-FC1
  • [Package Included]1Pcs Flex PCB
  • [Product Functions] MC2-FPCB1 Flex PCB connects different components and modules inside the gas detector to achieve signal transmission and electrical connection, ensuring stable communication between the oxygen sensor and the detector motherboard and other components, enabling the detector to accurately detect and display relevant data such as oxygen concentration
  • [Important Notes]Designed for use with oxygen (O2) sensors in gas detection equipment, the Flexible Printed Circuit Board (FPCB) connects the oxygen sensor (SR-X2V) to the main printed circuit board, which converts the oxygen level detected by the sensor into readable data for processing by the equipment, allowing it to accurately monitor the oxygen level

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