TTI acquires connector distributor based in New YorkJune 24, 2014
TTI Inc. of Fort Worth today announced the acquisition of Astrex Electronics, a privately held connector distribution specialist headquartered in Plainview, New York.
Astrex will operate independently of the TTI organization until such time as system integration is complete.
"I'm very pleased to be bringing Astrex Electronics into the fold of the TTI family of companies. I am confident that Astrex's 50 years of focus and success in the military/aerospace connector marketplace will prove to be of exceptional benefit to the customers of all the TTI companies – I'm looking forward to having the Astrex experience and expertise on our team," said Mike Morton, president TTI Americas in a news release.
No price was disclosed on the transaction.
TTI, a wholly owned subsidiary of Berkshire Hathaway, is a specialty distributor of passive, interconnected discrete components.