Bel Announces Agreement to Purchase CUI Power Assets
Bel Fuse Inc. - Class A (BELFA)
US:NASDAQ Investor Relations:
ir.belfuse.com/investor-relations
Company Research
Source: GlobeNewswire
JERSEY CITY, N.J., Nov. 11, 2019 (GLOBE NEWSWIRE) -- 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 entered into an asset purchase agreement (the “Agreement”) with CUI Global Inc. (Nasdaq:CUI), in which CUI will sell the majority of its Power business (the “CUI Power Business”) to Bel for $32.0 million, plus the assumption of certain liabilities and subject to closing working capital adjustments. Based in Tualatin, Oregon, the CUI Power Business, a division of CUI Global Inc., had TTM sales of approximately $37 million with products and distribution that offer strong opportunities for growth. Daniel Bernstein, CEO of Bel, said, "The CUI Power Business' extensive product portfolio and distribution channel fits squarely within our growth strategy. Their product portfolio will round out Bel's current Power Products offering, allowing us
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BELFA
News
- Bel Fuse First Quarter 2024 Earnings: EPS Beats Expectations [Yahoo! Finance]Yahoo! Finance
- Bel Fuse Inc. Announces Regular Quarterly Cash Dividend on its Class A and Class B SharesGlobeNewswire
- Bel Reports First Quarter 2024 Results [Yahoo! Finance]Yahoo! Finance
- Bel Reports First Quarter 2024 ResultsGlobeNewswire
- Bel Fuse Schedules First Quarter 2024 Financial Results Conference CallGlobeNewswire
BELFA
Sec Filings
- 4/30/24 - Form 10-Q
- 4/29/24 - Form SC
- 4/25/24 - Form 8-K
- BELFA's page on the SEC website