|[December 31, 2012]
Belden Completes the Sale of Its Consumer Electronics Assets in China
ST. LOUIS --(Business Wire)--
Belden Inc. (NYSE: BDC), a global leader in signal transmission
solutions for mission-critical applications, today announced that it
completed the sale of its consumer electronics assets in China to
Shenzhen Woer Heat-Shrinkable Material Co., Ltd. for consideration of
approximately $43.3 million.
This announcement has no impact on the 2013 guidance provided at the
company's Investor and Analyst Day event on December 11, 2012, which
contemplated the closure of this transaction.
St. Louis-based Belden Inc. designs, manufactures, and markets cable,
connectivity, and networking products in markets including industrial
automation, enterprise, transportation and infrastructure. It has
approximately 6,800 employees, and provides value for industrial
automation, enterprise, education, healthcare, entertainment and
broadcast, sound and security, transportation, infrastructure and other
industries. Belden has manufacturing capabilities in North America,
South America, Europe and Asia, and a market presence in nearly every
region of the world. Belden was founded in 1902, and today is a leader
with some of the strongest brands in the signal transmission industry.
For more information, visit www.belden.com.
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