Halma sells Fiberguide Industries, Inc
18 December 2020
Halma, the global group of life-saving technology companies focused on growing a safer, cleaner and healthier future, today announced it has sold Fiberguide Industries, Inc., (“Fiberguide”) to Molex LLC. Fiberguide is a manufacturer of fibre optic technology headquartered in Caldwell, Idaho, USA, and was acquired by Halma in 2008.
Molex is a manufacturer of electronic, electrical and fibre optic connectivity systems that is closely aligned to Fiberguide’s core business. Molex’s extensive modern fibre drawing capability and operational and commercial synergies will provide Fiberguide with a strong platform to enable its future growth as it seeks investment to diversify into new markets.
The divestment is in line with Halma’s strategy of actively managing its portfolio of global businesses to ensure it remains closely aligned to its purpose and its key markets of safety, health and the environment.
Andrew Williams, Group Chief Executive at Halma, commented:
"We are pleased to have found a new home for Fiberguide. Molex, as a manufacturer of fibre optic connectivity systems, has the infrastructure in place to support Fiberguide’s future development. We are confident that this will help Fiberguide better serve its customers, employees and suppliers while enabling Halma to continue to invest in high growth businesses that are closely aligned with our purpose. We’d like to thank the Fiberguide leadership team and all of its employees for their contribution to the Group and wish them well for the future.”
