Belden to sell defense cable business to Carlisle for $265 million

(Reuters) – Cable maker Belden Inc said it will sell its Thermax and Raydex cable businesses to diversified manufacturer Carlisle Cos Inc for about $ 265 million, including debt, as it looks to exit the aerospace and defense markets. Belden, which also makes cables and networking products for the broadcast and consumer electronics industries, has been unable to remain competitive offering cables as a stand-alone product to the aerospace and defense markets, company spokesman Matt Tractenberg said. …

Full Story Via Tech News Headlines – Yahoo! News


Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>