Key Tronic signs Letter of Intent to acquire CDR Manufacturing for $46.9M Key Tronic has signed a letter of intent to acquire CDR Manufacturing for $46.9M in cash. The letter of intent includes a 75 day exclusivity period for completion of due diligence and negotiation of the definitive agreement. CDR has annual revenue of approximately $120M and provides printed circuit board assembly and other EMS services to a diversified customer base. The acquisition, if consummated, is expected to be immediately accretive to earnings. Key Tronic expects the transaction to be completed during 1Q15.