Belden Acquires PPC
Belden has acquired PPC for $515 million, the companies announced this week.
"This acquisition is a wonderful example of our business transformation and highlights our strategic focus on building global business platforms with strong financial attributes, serving attractive end markets," John Stroup, President and CEO of Belden, said in a statement.
"PPC provides innovative products that enable our customers to profitably grow their business by delivering higher bandwidth and enhanced services, with fewer service calls. Belden and PPC will provide unique end-to-end solutions for these customers, and I am excited about the opportunity ahead of us."