Bell Industries Sells J.W. Miller Unit to Bourns in a $8.5 Million Cash Transaction
01 Maggio 2006 - 2:30PM
Business Wire
Bell Industries, Inc. (AMEX:BI) today announced the sale of
substantially all of the assets, excluding real estate, of its J.W.
Miller division to Bourns, Inc. for $8.5 million in cash, subject
to post closing adjustments. J.W. Miller manufactures and
distributes a variety of standard and custom magnetic components
used in electronic applications for computer, medical and
telecommunications equipment. The unit had sales of approximately
$8.4 million in 2005. "J.W. Miller is our smallest business unit,
and the sale to Bourns is in keeping with our strategy of focusing
on core business operations and aligning our resources to become
leaders in the key markets we serve," said John A. Fellows, Bell
Industries' chief executive officer. Bourns, a privately owned
company based in Riverside, CA, manufactures electronic components
for a broad range of markets. J.W. Miller is based in Gardena, CA.
About Bell Industries, Inc. Bell's largest operating unit, Bell
Tech.logix, offers a comprehensive portfolio of technology products
and managed lifecycle services, including planning, product
sourcing, deployment and disposal, and support services. Bell's
Recreational Products Group distributes after-market parts and
accessories primarily to the recreational vehicle and boating
markets.
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