Phillips-Medisize Corp., a Hudson contract designer, developer and manufacturer of medical products, is being sold by its investment firm owner to a subsidiary of global manufacturer Molex LLC of Illinois.

The Wisconsin company is being sold by San Francisco-based Golden Gate Capital, a private equity investment firm with about $15 billion in capital under management. Financial terms of the transaction were not disclosed. The deal is expected to close in the fall, after which it will operate as an indirect subsidiary of Molex. Read the full story here.