TORONTO -- A top executive at Celestica Inc. on Monday suggested to an investor conference that a large acquisition is possible in the company's future.

Celestica treasurer Paul Nicoletti said the EMS firm sees "pretty sizable" opportunities, telling the audience, "I would say right now the opportunities, call it organic-slash-acquisition, are as high now as they've been over the last couple of years."

Celestica has ample funds to underwrite a deal, with $969 million in cash at the end of last year.

Nicoletti made no promises that any acquisitions would remain intact. "I'd say we take the business and put it where it belongs, so if you have something that should be in Mexico or should be in China, that's where we'll drive it towards," he said, according to a Reuters report.

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