Celestica

Celestica was incorporated in 1994 as a subsidiary of IBM.{{Cite web |title=History and Milestones |url=https://www.celestica.com/about-us/history-and-milestones/ |access-date=2023-02-27 |website=Celestica |language=en}} In 1996, it was sold off to Onex Corporation.

In April 2001, the company announced it was laying off 3,000 people, about 10% of its workforce, due to the dot-com crash.[https://archive.today/20120712202155/http://in.reuters.com/finance/stocks/keyDevelopments?symbol=CLS.TO&pn=9 "Celestica, Inc. Raises Earnings Outlook; Announces Job Cuts"], 18 April 2001 Losses mounted and on 29 January 2004 the company announced that company CEO Eugene Polistuk would be retiring. In April 2004, Stephen Delaney took over as CEO in a temporary capacity.[http://www.cbc.ca/news/business/polistuk-leaves-celestica-1.468785 "Polistuk leaves Celestica"], CBC News, 28 January 2004

CEO Craig Muhlhauser announced his retirement in October 2014. Rob Mionis took over from him on 1 August 2015.{{Cite web |last=The Canadian Press |first=Celestica |title=Celestica names Robert Mionis as new CEO; takes over from Craig Muhlhauser |url=https://archive.canadianbusiness.com/business-news/celestica-names-robert-mionis-as-new-ceo-takes-over-from-craig-muhlhauser/ |access-date=2015-07-08 |website=Canadian Business |language=en}}

== 1998 Initial Public Offering (IPO) ==

On June 29, 1998, Celestica began its initial public offering (IPO) and agreed to sell 20.6 million shares at a price of US$17.50. [https://techmonitor.ai/technology/celestica_ups_total_from_ipo "CELESTICA UPS TOTAL FROM IPO"], Tech Monitor, 12 July 1998

== Acquisition history ==

• In 1997, Celestica established its presence in Europe with the acquisition of Design-to-Distribution (D2D) Limited, an International Computers Limited (ICL) company that was the largest European-based EMS company. [https://www.zdnet.com/article/icl-sheds-manufacturing-arm-d2d/ "ICL sheds manufacturing arm D2D"], ZDNET, 21 January 1997 The same year, Celestica announced its first U.S.-based acquisition: Hewlett-Packard's Fort Collins, Colorado printed circuit assembly (PCA) operation. [https://www.bizjournals.com/denver/stories/1997/08/18/story1.html "Fort Collins plucks high-tech plum"], Denver Business Journal, 17 August 1997

• In January 1998, Celestica established its first manufacturing presence in Mexico by acquiring Lucent's manufacturing facility in Monterrey, Mexico.[https://www.eetimes.com/celestica-enters-brazil-malaysia/ "Celestica enters Brazil, Malaysia"] EE Times, 23 June 1999 The following month, the company expanded its European footprint by acquiring Madge Networks' Dublin, Ireland operation.[https://www.independent.ie/business/madge-bought-by-celestica-26197167.html "Madge bought by Celestica"] Independent.ie, 23 February 1998

Also in 1998, acquired IMS (International Manufacturing Services) to establish manufacturing operations in Japan, Thailand, Hong Kong, and China.[https://www.edn.com/ims-reports-loss-as-company-prepares-for-acquisition-by-celestica/ "IMS reports loss as company prepares for acquisition by Celestica"]

EDN, 24 November 1998

• In 2000, Celestica acquired IBM's facilities in Vimercate and Santa Palomba, Italy and a facility in Rochester, Minnesota.[https://www.eetimes.com/celestica-ibm-sign-1-5b-outsourcing-deal/ "Celestica, IBM sign $1.5B outsourcing deal"] EDN, 12 January 2000

• In 2001 Celestica acquired Omni Industries, expanding the company’s presence in China, Malaysia and Singapore. [https://www.wsj.com/articles/SB992644316533033829 "Celestica to Buy Omni Industries In Deal Worth About $890 Million"] Wall Street Journal, 18 June 2001

• In 2012 Celestica acquired D&H Manufacturing Company, a leading manufacturer of precision machined components and assemblies.[https://www.wsj.com/articles/DJFLBO0020120910e89anb1d7 "Onex-Backed Celestica Buys D&H Manufacturing"] Wall Street Journal, 10 September 2012

• In 2018, Celestica acquired Atrenne Integrated solutions and Impakt.[https://www.theglobeandmail.com/business/article-celestica-gains-slice-of-growing-oled-display-market-with-330-million/ "Celestica gains slice of growing OLED display market with $330-million deal for U.S. manufacturer"] The Globe and Mail, 10 October 2018

== Social and environmental responsibility ==

In 2021, Celestica committed to the UN Global Compact corporate responsibility initiative and its principles in the areas of human rights, labor, the environment, and anti-corruption. [https://unglobalcompact.org/what-is-gc/participants/search?search%5Bkeywords%5D=celestica&button=&search%5Bsort_field%5D=&search%5Bsort_direction%5D=asc&search%5Bper_page%5D=10 "Our Participants"] "United National Global Compact" Celestica adopted the UN Sustainable Development Goals (SDGs) as part of its sustainability strategy and corporate social responsibility programs. The goals promote strategies to address poverty, inequality, climate change, environmental degradation, peace, and justice. [https://sdgs.un.org/goals "The 17 Goals"] "United Nations Sustainable Development Goals"

== Awards and recognition ==

Celestica has been the recipient of the following awards:

• The Corporate Knights, Best 50 Corporate Citizens (years: 2022, 2021, 2019, 2017, 2016, 2015).[https://www.corporateknights.com/rankings/best-50-rankings/2022-best-50-rankings/canadas-best-50-corporate-citizens-of-2022-continue-to-conquer-the-markets/#best-50-ranking "Canada's Best 50 corporate citizens of 2022 continue to conquer the markets"] The Corporate Knights, 29 June 2022
• The Global 100 Most Sustainable Corporations in the World, Corporate Knights (years: 2019, 2016, 2015).[https://www.corporateknights.com/rankings/global-100-rankings/2019-global-100-rankings/2019-global-100-results/ "2019 Global 100 results"] The Corporate Knights, 22 January 2019
• Lam Research, Supplier Excellence Award (2020).[http://canadaelectronicsassembly.com/category/november-1-2020-featured-news-story/ "Celestica Receives 2020 Supplier Excellence Award from Lam Research"] Canada Electronics Assembly, 1 November 2020
• Clean 16 Leadership in Greenhouse Gas Emissions Reductions (2021).[https://clean50.com/honourees/robert-ellis/ "The Clean16 awards"] Clean50, 2021
• Clean 50 Top Project: Recognition for Environmental Protection and Recycling Practices (2021)[https://clean50.com/projects/decommissioning-hq-manufacturing-operations-celestica/ "Decommissioning HQ & Manufacturing Operations: Celestica"] Clean50, 2021.

{{Reflist}}

• David Einstein, [https://www.forbes.com/2000/12/12/1212topexecspolistuk.html "Top Tech Execs: Eugene Polistuk"], Forbes, 12 December 2000
• Robert McGarvey, [https://web.archive.org/web/20160817101118/http://www.cmcseattle.com/newsfolder/february_2000.htm "Outsourcers Rise Again"], Upside, February 2000

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