Monday, February 13, 2006

JDSU Sells Ottawa Manufacturing Facilities

JDSU agreed to sell its manufacturing operations located in Ottawa, Canada to Fabrinet, its contract manufacturing partner. Financial terms were not disclosed. Upon close, Fabrinet will manage ongoing production and the Asian transfer activities currently performed by the Ottawa site. Non-manufacturing activities at the Ottawa site are unaffected by this agreement.

"This transaction marks the final phase of our plan to transition all Optical Communications assembly manufacturing to Asia," said Debbie Shoquist, vice president of global operations for JDSU. "We believe that with additional resources from Fabrinet and a cohesive transfer team, we will ensure a smooth transition for our employees and our customers."