Belden Buys PerfectPath Parent for Over $500 Million
Bloomberg is reporting that Belden, Inc., one of the world’s largest manufacturers of cable, has acquired PPC, parent company of PerfectPath wire for $515.7 million.
Terms of the complete deal aren’t being disclosed, but PPC is a 65-year old company that claims to have wired over 100 million homes in the US is known in the HomeAV market most recently for their PerfectPath line of HDMI wire.
According to Bloomberg, PPC had sales of $238 million in fiscal 2012 and were profitable. Belden expects 2012 calendar-year sales to be nearly $2 Billion.
Here’s the entire story: http://www.bloomberg.com/news/2012-12-11/belden-buys-ppc-for-515-7-million.html
More Stories Like This
Announcing the 2024 rAVe Readers’ Choice Awards Winners
Exciting news! The winners of the 2024 rAVe Readers’ Choice Awards have been announced. As always, we’re here to spotlight the brands that made a real impact in the industry this year. We take into account only the votes and nominations from the AV community. Each winning company will receive a unique plaque, which we’ll […]
The Latest on the New HDMI Standard: HDMI 2.1
By John Purvey Belden To support higher video resolution and refresh rates and real-time, interactive technology such as virtual reality, the HDMI Forum continues to update HDMI specifications. First announced in late 2017, the newest HDMI standard for video cables and connections – HDMI 2.1 – is faster than its predecessors, and ready to support […]
Belden Buys Thinklogical
Thinklogical, LLC last week announced it has entered into a definitive agreement to be acquired by Belden Inc. Thinklogical is a portfolio company of Riverside Partners, a Boston-based private equity firm and is a manufacturer of KVM, video, audio and computer peripheral signal extension and switching solutions. The transaction is expected to close in second quarter of 2017, subject to […]