IRVINE, CA -- Suzhou Dongshan Precision Manufacturing today completed its previously announced, $610 million acquisition of Multi-Fineline Electronix.

Suzhou-based DSBJ will pay M-Flex stockholders $23.95 per share in cash for the flex circuit maker, which becomes an indirect, wholly owned subsidiary of DSBJ.

M-Flex will be delisted and cease trading on Nasdaq today.

M-Flex was the world's 25th largest PCB manufacturer in 2015, according to the latest NTI-100, which will be released at the end of this week.

In a press statement announcing the deal closing, M-Flex chief executive Reza Meshgin said, "We are pleased to complete this transaction and we are very excited about our future with DSBJ. I am confident that the M-Flex business unit is well-positioned to contribute to the combined company's success while supporting our customer's future needs."

"This transaction represents a new chapter and key milestone in DSBJ's 35-year business history," said Yuan Yonggang, chairman and president of DSBJ. "We are creating a global technology and manufacturing leader with more than 16,000 employees, over two million square feet of manufacturing space, and a marquee customer list including the most respected OEMs in the US and China. With the merger complete, we believe we can rapidly expand M-Flex's brand and leadership in the mobility space, while accelerating incremental sales opportunities in the automotive, industrial, display and other fast-growing consumer segments."

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