Carlisle Companies Inc. (CSL: Quote) announced Monday that it has completed the purchase of the Thermax-Raydex business from Belden Inc. (BDC: Quote).
Thermax-Raydex is a global supplier of high-performance hook-up, data and coaxial wire and cable for mission-critical applications for commercial aerospace, defense and industrial customers and will operate within Carlisle’s Interconnect Technologies segment.
On 29th November, Carlisle said it agreed to acquire the Thermax-Raydex business, a subsidiary of Belden Inc. of St. Louis, Missouri. The transaction is structured as a purchase of the assets of Thermax and the stock of Raydex/CDT Limited, a wholly-owned unit of Belden, both for a combined enterprise value of $265 million.
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by RTT Staff Writer
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