Acquisition to strengthen Celestica’s capabilities in the Diversified
Markets

TORONTO, July 27, 2012 /PRNewswire/ – Celestica Inc. (NYSE, TSX: CLS), a global
leader in the delivery of end-to-end product lifecycle solutions, today
announced that it has agreed to acquire D&H Manufacturing Company,
based in Fremont, California, a leading manufacturer of precision
machined components and assemblies, primarily for the semiconductor
capital equipment market.

The company’s operations provide manufacturing and engineering services,
coupled with dedicated capacity and equipment for prototype and
quick-turn support to some of the world’s leading semiconductor capital
equipment OEMs. The company generates approximately $80 million in
annual revenue, and currently employs approximately 350 people.

“The acquisition of D&H further strengthens Celestica’s diversified
markets offering, and will allow us to provide our customers with
additional capability in large scale and high quality precision
machining,” said Craig Muhlhauser, President and Chief Executive
Officer, Celestica. “The D&H team brings extensive engineering and
technical depth to Celestica that will complement our capabilities in
complex mechanical and systems integration services.”

This acquisition supports Celestica’s strategy to grow and diversify its
revenue base in the Industrial, Aerospace and Defense, Semiconductor
Equipment, Green Technology and Healthcare end markets. The purchase
price is expected to be approximately $70 million and will be financed
from either Celestica’s credit facility or from cash on hand. The
transaction is subject to customary conditions and is expected to close
in the third quarter of 2012.

About Celestica

Celestica is dedicated to delivering end-to-end product lifecycle
solutions to drive our customers’ success. Through our simplified
global operations network and information technology platform, we are
solid partners who deliver informed, flexible solutions that enable our
customers to succeed in the markets they serve. Committed to providing
a truly differentiated customer experience, our agile and adaptive
employees share a proud history of demonstrated expertise and
creativity that provides our customers with the ability to overcome any
challenge.

For further information on Celestica, visit its website at www.celestica.com .

Celestica’s security filings can also be accessed at www.sedar.com and www.sec.gov.

Safe Harbor and Fair Disclosure Statement

This news release contains forward-looking statements related to our
acquisition of D & H Manufacturing Company, including our ability to
close the transaction, the timing of closing, the purchase price and
our funding thereof, the impact of the acquisition on our diversified
end markets, and our ability to diversify and grow our customer base
and develop new capabilities. Such forward-looking statements are
predictive in nature and may be based on current expectations,
forecasts or assumptions involving risks and uncertainties that could
cause actual outcomes and results to differ materially from the
forward-looking statements themselves. Such forward-looking statements
may, without limitation, be preceded by, followed by, or include words
such as “believes”, “expects”, “anticipates”, “estimates”, “intends”,
“plans”, “continues”, or similar expressions, or may employ such future
or conditional verbs as “may”, “will”, “should” or “would”, or may
otherwise be indicated as forward-looking statements by grammatical
construction, phrasing or context. For those statements, we claim the
protection of the safe harbor for forward-looking statements contained
in the U.S. Private Securities Litigation Reform Act of 1995, and in
applicable Canadian securities legislation. Forward-looking statements
are not guarantees of future performance. Readers should understand
that the following important factors, among others, could affect our
future results and could cause those results to differ materially from
those expressed in such forward-looking statements: closing conditions
not being satisfied in a timely manner or at all, the purchase price
varying from the expected amount, our inability to finance the
transaction, our inability to successfully integrate the acquisition,
and our inability to develop our capabilities in the diversified
markets. Other risks and uncertainties that may affect Celestica, as
well as other information related to Celestica are discussed in our
various public filings at www.sedar.com and www.sec.gov, including our
Annual Report on Form 20-F and subsequent reports on Form 6-K filed
with the U.S. Securities and Exchange Commission and our Annual
Information Form filed with the Canadian securities regulators.
Forward-looking statements are provided for the purpose of providing
information about management’s current expectations and plans relating
to the future. Readers are cautioned that such information may not be
appropriate for other purposes. Except as required by applicable law,
we disclaim any intention or obligation to update or revise any
forward-looking statements, whether as a result of new information,
future events or otherwise.

SOURCE Celestica Inc.