NEW YORK (S&P Global Ratings) Aug. 17, 2016--S&P Global Ratings said today that its ratings on Lisle, Ill.-based electronics components and solutions provider Molex Electronic Technologies LLC are not affected by the company's announcement that it plans to acquire Phillips-Medisize Corp., a provider of outsourced design, development and manufacturing services for the medical industry, from Golden Gate Capital. The terms of the transaction were not disclosed. The company expects to close the transaction in the third quarter of 2016. We believe the proposed acquisition is consistent with our view that Molex has an acquisitive growth strategy. The company has made six acquisitions across the industrial, medical, and automotive markets since Koch Industries' acquisition of Molex in 2014. We expect the
