DJ Bel Fuse Sells Stewart Czech Business for $5 Million
DJN 07 Jun 2023 8:00 PM
By Will Feuer
Bel Fuse, which makes industrial components used by various sectors including telecommunications, said it has sold its Stewart Czech business for $5.0 million to PEI-Genesis, a company which designs and assembles custom engineered connectors and cable solutions.
Jersey City, N.J.-based Bel Fuse said the sale is immaterial as the Stewart Czech unit only generated $5.2 million in annual sales.
The Stewart Czech business consisted of a division that distributes connectivity products, and another division that produces copper, fiber and coaxial cable assemblies.
"This divestment is a strategic decision that allows the Connectivity Solutions group to focus on our main product categories serving customer end markets such as Commercial Air, Defense, Industrial and Networking which better align to our long-term growth objectives," said Pete Bitter, president of Cinch Connectivity Solutions, a Bel Fuse subsidiary.
