Flex to Join S&P 500 on June 22 After Selling Sheldahl Unit
FLEX•Flex will join the S&P 500 Index before trading opens on June 22, 2026, reflecting its market capitalization, liquidity and sustained financial performance. It sold Sheldahl, a 70-year-old maker of coated films, laminates and flexible circuits for aerospace markets, to Chase Corporation in a deal that closed on signing.
1. Flex Joins S&P 500 Index
Flex will be added to the S&P 500 Index before trading opens June 22, 2026, based on its market capitalization, liquidity and sustained performance. Inclusion is expected to boost demand as index funds adjust holdings and broaden the shareholder base.
2. Sheldahl Unit Divested to Chase
Flex completed the sale of Sheldahl, its 70-year-old specialized materials business, to Chase Corporation in a deal that closed on signing. Sheldahl produces coated films, laminates and flexible circuits for aerospace markets and will integrate into Chase's engineered materials platform.
3. Strategic Refocus and Outlook
The divestiture aligns with Flex’s strategy to concentrate on core manufacturing and supply-chain solutions while strengthening its financial profile ahead of the S&P 500 addition. Market participants will watch near-term trading volumes and potential valuation re-rating as Flex transitions toward higher-profile index membership.
