Diversified electronics manufacturer
Bel Fuse Inc.
) recently acquired Array Connector Corp., a two-decade old
manufacturer of aerospace and mil-spec connector products, for an
undisclosed amount. The acquisition is the fifth of its kind for
Bel Fuse in the past 15 months and the third to ramp-up the
operations of its Cinch Connector division.
Miami-based Array Connector is a vertically integrated
privately-held manufacturer of mil-spec circular connectors such
as miniature 38999 connectors for military communications
applications, ARINC809/EN4165 connectors for in-flight
entertainment applications, and filtered connectors for
military/aerospace applications. The company had revenues of
about $10 million in 2012.
Bel Fuse anticipates the acquisition to be accretive from 2014
onward. In addition to its complimentary product portfolio, Array
Connector boosts Cinch Connector's production capacity with
modern machining and molding facilities, extends client base,
increases intellectual property rights and augments human
Moving forward, Bel Fuse expects the acquisition to significantly
strengthen its position as a premier provider of electronics
parts to domestic and international aerospace, military and
Headquartered in Jersey City, NJ, Bel Fuse designs, manufactures
and sells hi-tech products used in networking, telecommunication,
high-speed data transmission, commercial aerospace, military,
broadcasting, transportation, automotive, medical and consumer
electronic industries worldwide. Its product portfolio includes
interconnect devices, magnetics, modules and circuit protection
Bel Fuse presently carries a Zacks Rank #1 (Strong Buy). Other
players in the industry worth reckoning include
American Science & Engineering Inc.
Jinpan International Limited
), each carrying a Zacks Rank #2 (Buy).
AMER SCI & ENG (ASEI): Free Stock Analysis
BEL FUSE INC-B (BELFB): Free Stock Analysis
DAKTRONICS INC (DAKT): Free Stock Analysis
JINPAN INTL LTD (JST): Free Stock Analysis
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