SAN JOSE, Calif. -- Sanmina Corporation (Nasdaq: SANM), a leading electronics contract manufacturer, announced today that it has received approval from the U.S. Bankruptcy Court for the Northern District of California as the highest and best bidder for the purchase of assets of E-M-Solutions, Inc., a privately held international electronic enclosure manufacturer. These assets include certain manufacturing operations in the United States as well as the stock of E-M-Solutions' subsidiaries incorporated in Mexico and Northern Ireland. The transaction is subject to clearance under the federal Hart-Scott-Rodino Antitrust Improvements Act (HSR). Because the HSR waiting period is shortened to 15 days in bankruptcy situations, the transaction is expected to close in early October. The cash purchase price will be up to $110.65 million, $20.0 million of which is subject to reduction based upon a post-closing audit of E-M-Solutions' balance sheet. For Sanmina's 2002 fiscal year, revenues generated from this acquisition are expected to be between $200 to $300 million and the transaction is expected to be accretive before any infrequent charges. Jure Sola, Sanmina's chairman and chief executive officer, said, "The purchase of these ISO-certified operations, which include both advanced engineering design as well as electronic enclosure manufacturing facilities and electro-mechanical integration services, will greatly support our total systems solutions capabilities in key regions of the United States, Europe and Mexico." Sanmina Corp.