Flex Ltd. announced the divestiture of its Sheldahl business to Chase Corporation as part of its strategy to optimize its portfolio and focus on higher-growth, higher-margin businesses. Sheldahl designs and manufactures specialized coated films, laminates, and flexible circuit technologies for the aerospace, automotive, industrial, and medical markets. The transaction was completed upon signing, with financial terms not disclosed. On the same day, Flex also announced its selection for inclusion in the S&P 500 Index, effective prior to the opening of trading on June 22, marking a significant milestone for the company.
Flex LtdDivestiture of Sheldahl optimizes portfolio for higher-growth businesses, and inclusion in S&P 500 is a positive milestone.
JPMorgan Chase & Co