TORONTO -- Celestica's acquisition pipeline is full, but it's unlikely the company will consider any smaller EMS companies, the firm said yesterday.

On its quarterly conference call, Celestica CEO Craig Muhlhauser said a very broad range of companies are available, ranging from $50 million to $250 million and above, adding that the opportunities are myriad for deals below $250 million. However, he stipulated that the attractive candidates would offer specific technical capabilities in key end-markets.

"When we talk acquisitions, we’re looking at competencies and market position to enhance the strengths that we’ve got and to build on the franchise that we’re building. We’re building strong franchises in four or so major markets and with a number of key verticals, and we’re going to acquire competencies that we think will continue to I’ll say differentiate us in the most challenging technical areas of those businesses."

Later on the call, Muhlhauser conceded that buying smaller EMS companies would be inconsistent with building on Celestica's core competencies.

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