Catalyst Manufacturing Services, which is based in and operates an electronics manufacturing facility in Morrisville, has been sold.

Asteelflash, a global electronics manufacturing services firm which operates in Europe, North America, Asia and North Africa, said Monday it had acquired Catalyst.

Financial terms were not disclosed.

Catalyst also has plants in New York and Mexico.

The deal will boost the company’s military, aerospace, medical and industrial manufacturing capacity, Asteelflash said.

The French firm expects to exceed $900 million in revenue this year. Of that, $400 million is expected to be generated by its North American operations.

“The Owego and Raleigh production plants are strategic locations for the development of solid partnerships with our customers on the East Coast,” said Gilles Benhamou, chief executive officer of Asteelflash.

“We intend to enhance our industrial manufacturing and engineering services, in particular by offering new product introduction services on our North American customers’ doorstep”, he added.

“With the acquisition of Catalyst Manufacturing Services inc., Asteelflash will also gain a high-quality site in Tijuana, Mexico, which supports our growth plans for North America. With China, Tunisia and now Mexico, Asteelflash can offer optimized supply chain solutions for our customers, offering proximity in combination with (in-region) low cost manufacturing capabilities. We can offer our customers the optimal solution answering to their requirements such as flexibility, cost and time to market,” he added.

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