Fort Worth, Texas – April 4, 2012 –TTI, Inc. an indirect, wholly owned subsidiary of Berkshire Hathaway, today announced that it has completed the acquisition of Sager Electronics, a privately held electronic component distributor headquartered in Middleborough, Massachusetts.
Sager Electronics will operate as a wholly owned subsidiary of TTI. Frank Flynn will remain as President of Sager Electronics reporting directly to Paul Andrews, Chief Executive Officer, TTI, Inc.
About TTI, Inc
TTI, Inc., a Berkshire Hathaway company, is a specialty distributor of passive, interconnect and discrete components. TTI is the distributor of choice for industrial and consumer electronic manufacturers worldwide. TTI's extensive product line includes: resistors, capacitors, connectors, potentiometers, trimmers, magnetics, circuit protection, filters, electromechanical and discrete semiconductor devices. TTI is recognized as the industry leader in service and quality and provides a broad array of supply chain services to its customer base. TTI along with its subsidiary Mouser Electronics employs more than 3,500 with over 100 locations throughout North America, Europe and Asia. TTI's previous acquisitions also include Mouser Electronics, Mansfield, Texas, and Mateleco, Paris, France. For more information about TTI, visit www.ttiinc.com.
About Sager Electronics
Headquartered in Middleborough, Massachusetts, and grounded in a century-long tradition of innovation and service, Sager is an employee-owned distributor of electronic components from leading manufacturers worldwide. Its business model, Distributing Confidence®, provides customers and suppliers a unique combination of operational excellence and innovative business solutions not available from conventional distributors. For more information about Sager, visit www.sager.com.
For further information contact:
Nick Kypreos, TTI, Inc.
Chief Financial Officer