Thomas & Betts Completes Sale of Communications Products Business

Nov. 22, 2010
Thomas & Betts (www.tnb.com) completed the divestiture of its non-strategic communications products business to Belden (www.belden.com) for cash consideration of $78 million. The communications products offering includes coaxial cable drop connectors, pole l...
Thomas & Betts (www.tnb.com) completed the divestiture of its non-strategic communications products business to Belden (www.belden.com) for cash consideration of $78 million. The communications products offering includes coaxial cable drop connectors, pole line hardware and telecom enclosures sold under the Snap-N-Seal, LRC, Diamond and Kold-N-Klose brand names. The business, which is included in the company's global Electrical segment, generated approximately $45 million in sales and approximately $0.09 earnings per diluted share for the first nine months of 2010.

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