JERSEY CITY, N.J., Jan. 13, 2021 -- Bel Fuse Inc. (“Bel,” or, “the Company”) (Nasdaq:BELFA and Nasdaq:BELFB), a leading supplier of products that power, protect and connect electronic circuits, today announced that the Company has acquired rms Connectors, Inc. (“rms Connectors”), from rms Company Inc., a division of Cretex Companies, Inc. rms Connectors is a highly regarded connector manufacturer with over 30 years of experience producing harsh environment circular connectors used in a variety of Military and Aerospace applications. With Bel working closely with Cretex, we were able to move from letter of intent to a definitive purchase agreement in less than two months over the holiday season. This marks Bel’s second acquisition announcement this week.
Daniel Bernstein, CEO of Bel, stated, “This acquisition perfectly complements the existing Military and Aerospace product portfolio under Bel’s Cinch Connectivity Solutions group by expanding its offering of Mil-Spec qualified connectors, including the addition of the MIL-DTL-83723 Series III connector family. The rms Connectors products, capabilities, and reputation for quality align with Cinch’s core strategy of properly positioning ourselves to support our key customers and increase revenue in the Military and Aerospace market segment.”
Bernstein added, “We anticipate a smooth transition as we integrate rms Connectors operations into the Cinch Connectivity facilities. The two companies have a similar customer base and many common distribution and supplier partners. We look forward to expanding these relationships as well as leveraging the combined manufacturing resources to improve our operational efficiency.”
About Bei
Bel (www.belfuse.com) designs, manufactures and markets a broad array of products that power, protect and connect electronic circuits. These products are primarily used in the networking, telecommunications, computing, military, aerospace, transportation and broadcasting industries. Bel's product groups include Magnetic Solutions (integrated connector modules, power transformers, power inductors and discrete components), Power Solutions and Protection (front-end, board-mount and industrial power products, module products and circuit protection), and Connectivity Solutions (expanded beam fiber optic, copper-based, RF and RJ connectors and cable assemblies). The Company operates facilities around the world.
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