Cardinal Electronics Sold
The New Jersey-based electronics distributor Cardinal Electronics Corp. has been sold, with Vice President/General Manager Bill Lyons purchasing the company from President David Slater. The sale ends 62 years of the company’s ownership by the Slater family.
Financial terms of the sale were not disclosed.
Based in Lodi, N.J., the company was founded in 1946 by Marty Slater; David Slater assumed control of it in 1980, and will remain on board as a consultant for one year.