Fort Worth, Texas September 30, 2008 TTI, Inc. announced today that they have acquired the Mateleco Group, the number one connector distributor in France.Mateleco was founded in 1975 and for 33 years has grown and expanded throughout Europe. The company has six locations strategically located throughout the country and enjoys a broad and diverse customer base. TTI President and CEO, Paul Andrews, said, “Through our due diligence we found there were limited duplications of Mateleco customers and TTI customers, thus giving the two companies the broadest customer base in France.” Andrews continued, “This acquisition will establish TTI and Mateleco as the number one distributors in both passives and connectors in France.”
Mateleco will operate independently as a wholly-owned subsidiary of TTI. The management team will remain in place with Mr. Claude Joly as President and Mr. Bernard Le Jeune and Mr. Bernard Franchet as corporate officers. Mr. Joly will report to Gene Conahan, TTI Europe’s President.
TTI has experienced tremendous growth throughout Europe and is recognized as the largest passive distributor in France. TTI is committed to be the leading distributor in our products in each of the markets it serves.
About TTI, Inc.
Headquartered in Fort Worth, Texas, TTI, Inc. 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, magnetic circuit protection, electromechanical and discrete semiconductor devices. TTI is recognized as the industry’s leader in service and quality and provides a broad array of supply chain services to its customer base. TTI employs 2,000 with more than 50 locations throughout North America, Europe and Asia. For more information about TTI visit www.ttiinc.com.