No estimated figure was placed on the high-tech manufacturing equipment inside the plant, but brokers tell GlobeSt.com the equipment is valued at a minimum $5 million.
The estimated hard replacement cost of the structure is $200 per sf or about $20 million, area construction industry estimators who have worked on comparable projects, tell GlobeSt.com.
Siemens and Sanmina-SCI officials couldn't be reached at GlobeSt.com's publication deadline but confirm in published reports the deal is scheduled to go through by July 1. Neither company would discuss price or transaction terms.
The plant produces switches used in the routing of telephone calls and other equipment used in wire-line communications. Sanmina will continue to operate the plant. Germany-based Siemens will be one of its global customers.
The plant's staff of 300 workers, down from 1,100 in January, is expected to remain in place. The plant employed 1,440 in October 2001.
Sanmina Corp. and SCI Systems Inc. merged Dec. 6, 2001. Jure Sola and Eugene "Gene" Sapp are co-chairmen/CEOs of Sanmina-SCI Corp. Sapp is the former chairman/CEO of SCI.
Sanmina-SCI is an electronics contract manufacturer operating 100 plants in 23 countries on five continents.
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