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UPDATE: Could American Airlines move its headquarters?

A key linchpin in the Fort Worth economy, American Airlines Group Inc., is considering sites for a new headquarters, possibly outside the city, the airline’s CEO said this morning.

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Clip art: Cutting edge barbershop creates a buzz in Fort Worth

Jonathan Morris is on a mission to create a better grooming experience for men.

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Grocers, retailers flocking to Southlake

With its economic development engine revving at full throttle, Southlake is about to welcome several major retail and commercial projects that underscore its image

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Great Woman of Texas; Stacie McDavid

“I’ve always been a maverick in a number of ways,” says businesswoman and philanthropist Stacie McDavid.

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It's Christmas tree time in the city of Fort Worth

Sundance Square will kick off the holidays with the lighting of the Christmas on Nov. 22 featuring a visit from a resident of the North Pole, musical and theatrical entertainment, as well as photo opportunities throughout the plaza.

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Fort Worth's TTI expands into Chinese cell phone market with acquisition

Fort Worth-based TTI Inc., an indirect, wholly owned subsidiary of Berkshire Hathaway, has acquired the assets of HuaTong Electronic Co. Ltd., an electronic components distributor headquartered in Dongguan Shilong, the company said Aug. 19.
Terms of the transaction were not undisclosed.


Completion of the transaction is subject to regulatory approvals in Hong Kong.
Founded in 1994, Huatong was the first batch authorized distributor of Molex connectors in Greater China and remains the largest domestic Molex distributor in Asia Pacific South.
Huatong employs 60 associates at locations in Dongguan Shilong, Hong Kong, Suzhou, Shenzhen and Beijing. The company is a specialty distribution partner to many Chinese, domestic cellular phone manufacturers – a market segment not previously served by TTI in China.


“Bringing Huatong Electronics into the TTI family of companies establishes our presence in the fast growing Chinese cellular phone market segment and is further evidence of TTI’s commitment to growth in the region,” said Gene Conahan, president TTI Europe and Asia.
Man Deng, Huatong’s general manager, will report directly to Anthony Chan, TTI Asia senior vice president and general manager.
TTI Inc. is an authorized, specialty distributor of interconnect, passive and electromechanical (IP&E) components and the distributor of choice for industrial and consumer electronic manufacturers worldwide. Globally, TTI Inc. maintains 1.2 million cubic feet of dedicated warehouse space containing more than 850,000 component part numbers. Along with its subsidiaries, Mouser Electronics and Sager Electronics, TTI employs more than 4,300 employees and is represented in more than 100 locations throughout North America, Europe and Asia.
-Betty Dillard
bdillard@bizpress.net
 

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