{"id":105070,"date":"2021-04-08T00:00:00","date_gmt":"2021-04-07T16:00:00","guid":{"rendered":"https:\/\/new-www.vtech.com\/press_release\/2021\/vtech-completes-acquisition-of-mexican-manufacturing-facility-from-qsc-llc\/"},"modified":"2024-04-24T15:03:07","modified_gmt":"2024-04-24T07:03:07","slug":"vtech-completes-acquisition-of-mexican-manufacturing-facility-from-qsc-llc","status":"publish","type":"post","link":"https:\/\/www.vtech.com\/en\/press_release\/2021\/vtech-completes-acquisition-of-mexican-manufacturing-facility-from-qsc-llc\/","title":{"rendered":"VTech Completes Acquisition of Mexican Manufacturing Facility from QSC, LLC"},"content":{"rendered":"<p><strong>Hong Kong \u2013 VTech Holdings Limited (HKSE: 303)<\/strong> announced today that it has completed the acquisition of a production facility in Tecate, Mexico from QSC, LLC for manufacturing wood enclosure loudspeakers.<\/p>\n<p>The acquisition was announced on 20 January 2021. In addition to manufacturing wood enclosure loudspeakers, it strengthens VTech Contract Manufacturing Services&#8217; leading position as a manufacturer of professional audio equipment. Furthermore, the acquisition of a manufacturing site outside Asia expands VTech&#8217;s global footprint strategically and better serves the needs of its customers.<\/p>\n<p>The transaction was completed on 1 April 2021 and was funded through internal resources.<\/p>\n<p><strong>About VTech<\/strong><\/p>\n<p>VTech is the global leader in electronic learning products from infancy through toddler and preschool and the largest manufacturer of residential phones in the US. It also provides highly sought-after contract manufacturing services. Since its establishment in 1976, VTech has been a pioneer in the electronic learning toy category. With advanced educational expertise and cutting-edge innovation, VTech products provide fun and learning to children around the world. Leveraging decades of success in cordless telephony, VTech&#8217;s diverse collection of telecommunication products elevates both home and business users&#8217; experience through the latest in technology and design. As one of the world&#8217;s leading electronic manufacturing service providers, VTech offers world-class, full turnkey services to customers in a number of product categories. The Group&#8217;s mission is to design, manufacture and supply innovative and high quality products in a manner that minimises any impact on the environment, while creating sustainable value for its stakeholders and the community.<\/p>\n","protected":false},"excerpt":{"rendered":"","protected":false},"author":1,"featured_media":27725,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[60],"tags":[],"class_list":["post-105070","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-corporate"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>VTech Completes Acquisition of Mexican Manufacturing Facility 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