# Merix Corporation

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{{Infobox company
| name = Merix Corporation
| logo = MerixLogo.png
| type = [Public](/source/Public_company)
| traded_as = {{NASDAQ was|MERX}}
| founded = {{Start date and age|1994}}, [Oregon](/source/Oregon)
| location = [Beaverton, Oregon](/source/Beaverton%2C_Oregon), United States
| key_people = William C. McCormick ([chairman](/source/chairman))<br/>Mike Burger ([CEO](/source/Chief_executive_officer))
| industry = [Electronics](/source/Electronics)
| products = [Printed circuit board](/source/Printed_circuit_board)s
| revenue = $287 million [USD](/source/United_States_dollar)  (FY 2009)
| operating_income = {{loss}} $49 million [USD](/source/United_States_dollar)  (FY 2006)
| net_income = {{loss}} $49 million [USD](/source/United_States_dollar) (FY 2006)
| num_employees = 2,950 (2009)
| parent = [TTM Technologies](/source/TTM_Technologies)
| divisions = Merix San Jose <br>Merix Asia <br>Merix Oregon
| subsidiaries = 
| website = 
| footnotes = Financial data<ref name="annual 2009">{{cite web|url=http://www.merix.com/files/2009%20Annual%20Report.pdf|archive-url=https://web.archive.org/web/20110714074625/http://www.merix.com/files/2009%20Annual%20Report.pdf|url-status=dead|archive-date=July 14, 2011|title=2009 Annual Report|date=July 30, 2009|publisher=Merix|accessdate=5 January 2010}}</ref>
}}
'''Merix Corporation''' was an American [printed circuit board](/source/printed_circuit_board) (PCB) manufacturer based in [Beaverton, Oregon](/source/Beaverton%2C_Oregon).<ref>[http://portland.bizjournals.com/portland/gen/Merix_Corp_3B18EF40FC374EBDA116A870BE643938.html Merix Corporation (MERX).] ''[Portland Business Journal](/source/Portland_Business_Journal)''. Retrieved on March 25, 2008.</ref> Prior to a merger in 2010 with [Viasystems](/source/Viasystems), the company had been the 31st largest public company in Oregon based on market capitalization as of 2006.<ref>{{cite web |url=http://www.oregonlive.com/business/wide/index.ssf?/business/oregonian/top50.html |title=The Oregonian Top 50 |publisher=OregonLive.com |date=July 2, 2006 }}</ref><ref>[http://www.merix.com/North+America.aspx?id=8&rid= Merix North America.] Merix. Retrieved on May 14, 2008.</ref> The company is now part of [TTM Technologies](/source/TTM_Technologies).

==History==
Merix Corporation was started in 1994 as a spin-off from [Tektronix, Inc.](/source/Tektronix%2C_Inc.) in Oregon's [Silicon Forest](/source/Silicon_Forest), employing 700 people.<ref>"Tektronix In a Spinoff", ''[The New York Times](/source/The_New_York_Times)'', April 4, 1994.</ref> Tektronix continued to own 27% of the new company.<ref>[https://query.nytimes.com/gst/fullpage.html?res=9403E4D71F31F934A2575AC0A96E958260&scp=1&sq=merix&st=nyt Company News; Tektronix, posting a loss, plans 10% cut in work force.] ''[The New York Times](/source/The_New_York_Times)'', September 17, 1998.</ref> The City of Portland's Office of Sustainable Development awarded Merix a BEST Award in 1997 for water conservation.<ref>[http://www.portlandonline.com/osd/index.cfm?a=bbbibb&c=ebije 1997 BEST Winners.] City of Portland, Oregon. Retrieved on March 25, 2008.</ref> Merix lost $9.6 million on revenues of $87 million in 2002, and followed that with losses of $30 million in 2003 on revenues of $95 million.<ref name=AR2006>[http://b2i.api.edgar-online.com/EFX_dll/EdgarPro.dll?FetchFilingHTML1?SessionID=hBKzCa5iihMcNFY&ID=4619256 Merix Corporation 2006 Annual Report.] Securities and Exchange Commission. Retrieved on March 25, 2008.</ref>

In December 2004, the company bought Data Circuit Systems and named the unit Merix [San Jose](/source/San_Jose%2C_California).<ref name=AR2006/> That fiscal year, Merix returned to profitability with a $20,000 in earnings from $156 million in revenues.<ref name=AR2006/> On September 29, 2005, Merix purchased the operations of Eastern Pacific Circuits Holding Limited. Merix renamed these operations as Merix Asia.<ref>[http://wrightreports.ecnext.com/coms2/reportdesc_COMPANY_590049102 Merix Corporation - Company Profile Snapshot.] {{Webarchive|url=https://web.archive.org/web/20070926214354/http://wrightreports.ecnext.com/coms2/reportdesc_COMPANY_590049102 |date=2007-09-26 }} Wright Reports. Retrieved on March 25, 2008.</ref> In February 2007, the company was warned by [NASDAQ](/source/NASDAQ) for failing to have a full three member independent [audit](/source/audit) committee as required by NASDAQ listing rules.<ref>[http://portland.bizjournals.com/portland/stories/2007/02/19/daily6.html NASDAQ warns Merix.] ''[Portland Business Journal](/source/Portland_Business_Journal)'', February 19, 2007.</ref>

For the 2006 fiscal year they had revenues of $309 million and a profit of $1.4 million.<ref name=AR2006/> In January 2008, Merix announced the closing of their [Wood Village, Oregon](/source/Wood_Village%2C_Oregon), factory they opened in 2004.<ref name=close>Trevison, Catherine. Merix to lay off 180, close plant. ''[The Oregonian](/source/The_Oregonian)'', January 10, 2008.</ref> The company laid off 180 people company-wide as part of a restructuring plan at that time.<ref name=close/> Another 230 people were laid off in early 2009,<ref>{{cite news|url=http://portland.bizjournals.com/portland/stories/2009/02/02/daily71.html|title=Merix lays off 230|date=February 6, 2009|work=Portland Business Journal|accessdate=2009-10-09}}</ref> and the company then lost $8.4 million on nearly $60 million in revenues in the quarter that ended in May 2009.<ref>{{cite news|url=http://portland.bizjournals.com/portland/stories/2009/07/13/daily6.html|title=Merix reports $8.4 million loss|date=July 13, 2009|work=Portland Business Journal|accessdate=2009-10-09}}</ref>

Also in 2009, the company expanded its military and [aerospace](/source/aerospace) customer base, adding contracts to companies such as [Rockwell Collins](/source/Rockwell_Collins).<ref name="military">{{cite news|url=http://portland.bizjournals.com/portland/stories/2009/06/29/story5.html|title=Merix gains a foothold in aerospace market|last=Siemers|first=Erik|date=June 26, 2009|work=Portland Business Journal|accessdate=2009-10-09}}</ref> In October 2009, Merix announced they would merge with Viasystems with the combined entity headquartered in [St. Louis, Missouri](/source/St._Louis%2C_Missouri).<ref>{{cite news|url=http://www.oregonlive.com/business/index.ssf/2009/10/oregons_merix_merging_with_cir.html|title=Oregon's Merix merging with circuit-board maker Viasystems|last=Hunsberger|first=Brent|date=October 6, 2009|work=The Oregonian|accessdate=2009-10-07}}</ref> Merix reported a quarterly profit for the second quarter of their 2010 fiscal year, the first such profit since 2007.<ref>{{cite news|url=http://blog.oregonlive.com/siliconforest/2010/01/merix_sales_meet_last_weeks_fo.html|title=Merix posts first profit in nearly three years|last=Rogoway|first=Mike|date=January 4, 2009|work=The Oregonian|accessdate=5 January 2010}}</ref> The merger with Viasystems was completed in February 2010.<ref>{{cite news|url=http://blog.oregonlive.com/siliconforest/2010/02/viasystems_completes_merix_pur.html|title=Viasystems completes Merix purchase|last=Rogoway|first=Mike|date=February 16, 2010|work=The Oregonian|accessdate=17 February 2010}}</ref> Viasystems was acquired by California-based TTM Technologies in May 2015 for $368 million.<ref>{{Cite web |last=Mueller |first=Angela |date=2014-09-22 |title=TTM Technologies acquiring Viasystems Group |url=https://www.bizjournals.com/stlouis/morning_call/2014/09/ttm-technologies-acquiring-viasystems-group.html |access-date=2022-07-11 |website=www.bizjournals.com}}</ref><ref>{{Cite web |title=Form 10-K |url=https://www.sec.gov/Archives/edgar/data/1116942/000119312517055058/d298318d10k.htm |access-date=2022-07-11 |website=www.sec.gov}}</ref>

==Operations==
The company's main domestic production facility was located in [Forest Grove, Oregon](/source/Forest_Grove%2C_Oregon), in the [Portland metropolitan area](/source/Portland_metropolitan_area).<ref name="mergeargus">{{cite news|url=http://blog.oregonlive.com/hillsboroargus/2009/10/merix_to_merge.html|title=Merix to merge|last=Christensen|first=Nick|date=October 9, 2009|work=[The Hillsboro Argus](/source/The_Hillsboro_Argus)|page=A1|accessdate=2009-10-09}}</ref> The {{convert|250000|ft2|adj=on}} facility employed about 800 people and was the city's largest employer.<ref name="mergeargus"/> Merix's other U.S. plant is located in [San Jose, California](/source/San_Jose%2C_California).<ref name="mergeargus"/> Company headquarters were in [Beaverton, Oregon](/source/Beaverton%2C_Oregon), also in the Portland area,<ref name="mergeargus"/> with Mike Burger as the [chief executive officer](/source/chief_executive_officer) since 2007.<ref name="military"/>

Merix produced printed circuit boards used in various electronic equipment worldwide. This was primarily multi-layered rigid PCBs used in the [automotive](/source/automotive) industry, communications equipment, testing equipment, and the computer industry. The manufacturing facilities were located primarily in [China](/source/China).<ref>[https://archive.today/20120715214151/http://stocks.us.reuters.com/stocks/fullDescription.asp?rpc=66&symbol=MERX.O Company profile for MERX.] Reuters. Retrieved on March 25, 2008.</ref>

==References==
{{Reflist|2}}

==External links==
*[http://portland.bizjournals.com/portland/stories/2007/06/25/story2.html New Merix CEO gets his orders] - ''Portland Business Journal''
*[http://portland.bizjournals.com/portland/stories/2008/01/14/story7.html Spiraling Merix records another bleak quarter] - ''Portland Business Journal''

{{FormerORCompanies}}

Category:Defunct computer companies of the United States
Category:Defunct computer hardware companies
Category:Companies based in Beaverton, Oregon
Category:Manufacturing companies based in Oregon
Category:Electronics companies established in 1994
Category:Companies formerly listed on the Nasdaq
Category:1994 establishments in Oregon
Category:2010 mergers and acquisitions
Category:Motherboard companies

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Adapted from the Wikipedia article [Merix Corporation](https://en.wikipedia.org/wiki/Merix_Corporation) by Wikipedia contributors ([contributor history](https://en.wikipedia.org/wiki/Merix_Corporation?action=history)). Available under [Creative Commons Attribution-ShareAlike 4.0 International](https://creativecommons.org/licenses/by-sa/4.0/). Changes may have been made.