Warren Buffett is making another foray into
distribution. His firm, Berkshire Hathaway Inc., Omaha, NE, will buy
electronic component distributor TTI, Inc., Fort Worth, TX, The acquisition will also include TTI’s
subsidiary Mouser Electronics.
TTI, Inc. will operate as a wholly owned
subsidiary of Berkshire Hathaway. Operations will not be affected by the
TTI and Mouser have enjoyed consistent
growth for many years and are embarking on a growth strategy that includes
international expansion and new product expansion, along with the addition of
several key franchise additions. Today, TTI operates in more than 19 countries
with more than 50 branch locations. In addition, Mouser has recently completed a
major facility expansion which has more than doubled its capacity.
Berkshire Hathaway purchased cutting-tool
maker Iscar earlier this year. It entered distribution with its acquisition of
McLane Co., a groceries distributor, in 2003.
TTI, Inc. is a of passive, interconnect and
electromechanical components. TTI serves industrial and consumer electronic
manufacturers. TTI’s product line includes: resistors, capacitors, connectors,
potentiometers, trimmers, magnetic and circuit protection components, wire and
cable, identification products, application tools and electromechanical
Berkshire Hathaway to Buy 80% Stake in Iscar
target=_blank>Berkshire to Buy McLane
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