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<TYPE>EX-99.1
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<FILENAME>a2051014zex-99_1.txt
<DESCRIPTION>EXHIBIT 99.1
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                                                                    Exhibit 99.1

CELESTICA TO ACQUIRE PRIMETECH

         TORONTO, ON and KIRKLAND, QC, May 31 /CNW/ - Celestica Inc. (NYSE, TSE:
CLS), a world leader in electronics manufacturing services (EMS), today
announced that it has entered into an agreement with Primetech Electronics Inc.
(TSE: PME) that provides for the acquisition by Celestica of all of the
outstanding shares of Primetech, an electronics manufacturing services provider
based in Kirkland, Quebec.

         Under the transaction, each outstanding common share of Primetech will
be exchanged for 0.22 subordinate voting shares of Celestica. The share exchange
ratio will be adjusted to ensure that the value of the consideration received
for each Primetech common share (based on the 20-day volume weighted average
trading price of the subordinate voting shares of Celestica determined five
business days prior to the completion of the transaction) will be not less than
Cdn.$15 and not more than Cdn.$20. Primetech has approximately 15.5 million
shares outstanding. The total transaction value, including consideration for
shares, stock options and assumption of debt, is approximately Cdn.$265 million.

         The transaction, which has been approved by the boards of directors of
Primetech and Celestica, is subject to Primetech shareholder and court
approvals. Certain shareholders of Primetech, including John McAllister and the
estate of Tim Casey, who collectively own in aggregate approximately 62% of the
outstanding shares of Primetech, have entered into agreements to vote their
shares in favour of the transaction, which will be effected through a plan of
arrangement. The board of directors of Primetech has received an opinion from
CIBC World Markets Inc. to the effect that the consideration to be received
pursuant to the transaction is fair from a financial point of view, to the
holders of common shares of Primetech.

         "The acquisition of Primetech provides Celestica with additional high
complexity manufacturing capability and also expands its global customer base,"
said Eugene Polistuk, chairman and CEO, Celestica. "Furthermore, Primetech is an
established company with a highly capable and experienced management team. This
team will add to Celestica's overall management strength."

         "This agreement is in the best interests of Primetech's shareholders,
customers and employees. Primetech customers will have access to a leading,
global EMS company with tremendous depth and breadth of technical skills and
capabilities," said John McAllister, president and CEO, Primetech. "The
management team and I are very excited to join Celestica and we fully support
the transaction. We share Celestica's vision and commitment to building a global
leader in the industry, competitively differentiated through quality, technology
and supply chain excellence. This will enable us to provide our customers with
enhanced global manufacturing solutions."

    About Celestica
    ---------------
    Celestica is a world leader in electronics manufacturing services (EMS) for
industry leading original equipment manufacturers (OEMs), primarily in the
computer and communications sectors. With facilities in North America, Europe,
Asia and Latin America, Celestica provides a broad range of services including


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design, prototyping, assembly, testing, product assurance, supply chain
management, worldwide distribution and after-sales service.

          For further information on Celestica, visit its website at
HTTP://WWW.CELESTICA.COM. The company's security filings can also be accessed at
HTTP://WWW.SEDAR.COM and HTTP://WWW.SEC.GOV


         About Primetech
         ---------------
         Primetech provides electronics manufacturing services (EMS) to original
equipment manufacturers (OEMs) in the computer and telecommunications
industries. Primetech provides services including design, prototyping, product
manufacturing, sub-system and full-system integration, testing and distribution.
It also offers new product introduction (NPI) processes and advanced materials
management.

         Celestica Safe Harbour and Fair Disclosure Statement
         ----------------------------------------------------
         Statements contained in this press release which are not historical
facts are forward-looking statements which involve risk and uncertainties which
could cause actual results to differ materially from those expressed in the
forward-looking statements. Among the key factors that could cause such
differences are: the level of overall growth in the electronics manufacturing
services (EMS) industry: variability of operating results among periods;
dependence on the computer and communications industries; dependence on a
limited number of customers; and the ability to manage expansion, consolidation
and the integration of acquired businesses. These and other factors are
discussed in the Company's various public filings at HTTP://WWW.SEDAR.COM and
HTTP://WWW.SEC.GOV

         In the Company's best judgement, the events noted in this press release
on a stand-alone basis are not expected to be material to Celestica's overall
financial results.


For further information: Celestica Contact: Laurie Flanagan, Corporate
Communications, (416) 448-2200, MEDIA@CELESTICA.COM; Primetech Contact: David
Brown, Vice President, Finance, (514) 693-1030, DAVID.BROWN@PRIMETECH.CA; To
request a free copy of this organization's annual report, please go to
WWW.NEWSWIRE.CA and click on reports@cnw.


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