January 5, 1995
Cerplex Group Inc. Wednesday announced a joint venture with a Florida company. Cerplex, based in Anaheim, supplies parts for the repair of computer and telecommunications systems. The company said it has been looking for opportunities to expand into service of computer systems. Its partner is Modular Computer Systems Inc., based in Fort Lauderdale. The company, a subsidiary of Frankfurt, Germany-based Daimler-Benz Industrie, manufactures, installs and services computer systems.
October 6, 1998
Shareholders of Tustin-based Cerplex Group Inc. have approved a 1-for-10 reverse stock split, decreasing the number of shares of common stock outstanding to 7.2 million from 72 million, the company said. The company, a provider of computer services, was created from the merger April 30 of Cerplex and Aurora Electronics. The company also said it has received an additional infusion of $5 million from its largest shareholder, New York-based private capital company Welsh, Carson, Anderson & Stowe.
January 16, 1999 |
Tustin-based Cerplex Group Inc. said Friday that it is closing its manufacturing plant in Leeds, northern England, affecting about 30 employees. Cerplex, a provider of assembly, parts, repair and other services to the high-tech industry, said it will shift work from Leeds to plants in Enfield, England, and Lille, France. The move should boost productivity and turnaround times for Cerplex's customers, the company said in a statement.
July 28, 2000 |
Financially ailing Cerplex Group Inc. filed for bankruptcy protection from its creditors to speed the sale of four units after the Tustin provider of computer repair services failed to make payments due on debt securities. In documents filed Thursday in U.S. Bankruptcy Court in Wilmington, Del., Cerplex listed $10.4 million in assets and $40.5 million in debts. Last week, the company said a U.S.
August 14, 1998
The Cerplex Group Inc.: The Tustin company, formed by the merger of Cerplex Inc. and Aurora Electronics Inc., reported a net loss of $9.6 million, or 22 cents a share, for the third fiscal quarter ended June 28, compared with a net loss of $4.8 million, or 71 cents a share, for the comparable quarter of fiscal 1997. Revenue advanced 38% to $23.7 million from $17.2 million. For the nine-month period, a net loss of $25.1 million, or $1.
October 4, 1996
Cerplex Group Inc., which provides repair and technical support services to computer manufacturers, said it plans to establish a repair hub in Louisville, Ky. James T. Schraith, chief executive of Cerplex, said the company is establishing a network of outsourcing centers on or near key airport hubs in an effort to cut shipping costs and improve customer service. The move follows the company's recent announcement of its first airport hub-based facility in Ontario, Calif.