Innovative Interconnect Solution with Cinch Connector
Know More About Cinch Connectors:
Since its founding in 1917 in Lombard, Illinois, Cinch Connectors has been designing and manufacturing a variety of interconnect products, specifically high speed connectors which are distributed to aerospace, military and defense, industrial, transportation, and computer markets. Their product offering includes connectors and enclosures and cable assemblies that utilize copper and fiber optics as well as other contact technologies. Currently, they have manufacturing facilities in Illinois, Sweden, and the UK, as well as engineering support locations in India and France. Since January of 2010, Cinch Connectors, Inc. leading supplier of connectors has been operating as a subsidiary of Bel Fuse Inc. Key executives is Michael Murray and Daniel Bernstein, who are the CEOs of Cinch Connectors and Bel Fuse, respectively. Cinch Connectors utilizes a combined total of over 500,000 square feet of state-of-the-art equipment as well as fully automated controlled assembly, adding competitive value to its products. Furthermore, several of the company’s facilities are certified to ISO 9001 or AS-9100, and employs Lean Manufacturing and Cycle Time Reduction programs in its manufacturing processes.
As of April 1st, 2013, Bel Fuse Inc. announced that it is acquiring Transpower magnetics business from TE connectivity for $22.4 million cash. The business had about $75 million in annual revenue and about 2,500 employees and its manufacturing facility in China. According to Bel Fuse’s president and CEO, the acquisition is a major step forward in increasing the company’s short and long term growth. Furthermore, the new division will help the company benefit from manufacturing, purchasing, and engineering synergies and improve their competitive positioning in the industry. Financial results for the 4th quarter of 2012 were reported to be $71.8 million, a 4.5% increase from the 4th quarter of 2011. 1st quarter 2013 earnings are expected to be released on May 1st.