Celestica Inc. is an American-Canadian multinational design, manufacturing, hardware platform, and supply chain electronics manufacturing services (EMS) company headquartered in Toronto, Ontario. The company operates in 50 sites across 15 countries.

History

Celestica was incorporated in 1994 as a subsidiary of IBM. 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. 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. CEO Craig Muhlhauser announced his retirement in October 2014. Rob Mionis took over from him on 1 August 2015.

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.

Acquisition history

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. 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.

Awards and recognition

Celestica has been the recipient of the following awards: