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Cipher Data Sells Garden Grove Plant

Cipher Data Products Inc. said that it has agreed to sell its unused Garden Grove manufacturing facility to Alps Electric U.S.A. for approximately $10 million in cash.

The 168,000-square-foot plant, which once employed 700 workers, was vacated late last year after San Diego-based Cipher moved its production to facilities in Singapore and San Diego.

Alps, the San Jose-based American subsidiary of Alps Electric Co. Ltd., a Japanese computer products firm, already maintains a facility in Garden Grove but is expanding, a Cipher official said.

Alps officials could not be reached for comment.

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Cipher said in a prepared statement that the selling price of the Garden Grove facility represents its book value.


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