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Belden Completes the Sale of Its Consumer Electronics Assets in China
By: Business Wire
Dec. 31, 2012 09:00 AM
Belden Inc. (NYSE: BDC), a global leader in signal transmission solutions for mission-critical applications, today announced that it completed the sale of its consumer electronics assets in China to Shenzhen Woer Heat-Shrinkable Material Co., Ltd. for consideration of approximately $43.3 million.
This announcement has no impact on the 2013 guidance provided at the company’s Investor and Analyst Day event on December 11, 2012, which contemplated the closure of this transaction.
St. Louis-based Belden Inc. designs, manufactures, and markets cable, connectivity, and networking products in markets including industrial automation, enterprise, transportation and infrastructure. It has approximately 6,800 employees, and provides value for industrial automation, enterprise, education, healthcare, entertainment and broadcast, sound and security, transportation, infrastructure and other industries. Belden has manufacturing capabilities in North America, South America, Europe and Asia, and a market presence in nearly every region of the world. Belden was founded in 1902, and today is a leader with some of the strongest brands in the signal transmission industry. For more information, visit www.belden.com.
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