Bel Acquires Array Connector
"This is our fifth acquisition in the past 15 months, and the third
specifically targeted to support the growth of our Cinch Connector
division. With products including miniature 38999 connectors for
military communications applications, ARINC809/EN4165 connectors for
in-flight entertainment applications, and a line of filtered connectors
primarily for military/aerospace applications, the acquisition
significantly expands Cinch's product offerings. Array's modern
machining and molding facilities increase Cinch's production capacity,
and the acquisition also brings new customers, important intellectual
property, and strong engineering capabilities. Combined with our
recently announced joint venture with Radiall and our other recent
acquisitions, we believe this will substantially strengthen Cinch's
position as a first tier provider to domestic and international
aerospace, military and commercial customers," said
About Bel
Bel (www.belfuse.com) and its divisions are primarily engaged in the design, manufacture, and sale of products used in high-speed data transmission, commercial aerospace, military, transportation, and consumer electronics. Products include interconnect devices (micro, circular and filtered D-Sub connectors, passive jacks, plugs and high-speed cable assemblies), magnetics (discrete components, power transformers and MagJack® connectors with integrated magnetics), modules (DC-DC converters, integrated analog front-end modules and custom designs), and circuit protection (miniature, micro and surface mount fuses). The Company operates facilities around the world.
Forward-Looking Statements
Except for historical information contained in this press release,
the matters discussed in this press release (including the statements
regarding the impact of the acquisition on earnings and on the Company's
business and regarding growth opportunities) are forward looking
statements that involve risks and uncertainties. Among the
factors that could cause actual results to differ materially from such
statements are: the market concerns facing our customers; the continuing
viability of sectors that rely on our products; the effects of business
and economic conditions; capacity and supply constraints or
difficulties; product development, commercializing or technological
difficulties; the regulatory and trade environment; risks associated
with foreign currencies; uncertainties associated with legal
proceedings; the market's acceptance of the Company's new products and
competitive responses to those new products; the Company's ability to
integrate newly acquired businesses; and the risk factors detailed from
time to time in the Company's
Investor Contact:
(310) 477-3118
info@berkmanassociates.com
or
Company
Contact:
Bel Interconnect
(717)
227-7804
Source:
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