Belden acquiring Thomas and Betts Communications Products business
By Anthony Capkun
November 20, 2010
Belden Inc. says it is acquiring Thomas & Betts Corp.’s Communications Products Business, for $78 million in cash.
The company says this acquisition will further strengthen its position as an end-to-end solution provider within the broadband/CATV, security, and audio/video markets. This T&B business includes Snap-N-Seal drop connectors, LRC hardline connectors, Diamond hardware and grounding products, and telecom enclosures and connectors (including the Kold-N-Klose enclosure system).
“The Thomas & Betts Communications Products Business has an
experienced management team, recognized brands, plus a reputation for
superior product quality, innovation, and best-in-class manufacturing
capabilities,” said John Stroup, president and CEO of Belden Inc. “We
intend to invest in the business to leverage these proven strengths and
expand our combined presence in core markets within North America, as
well as other geographies where we already have commercial
infrastructure in place.”
The acquisition is expected to be completed by calendar year-end 2010.
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