Amphenol to acquire The Sine Companies.WALLINGFORD, Conn.--(BUSINESS WIRE)--June 10, 1996--Amphenol Corp. (NYSE NYSE See: New York Stock Exchange : APH APH American Printing House for the Blind, Inc. APH Actual Production History APH Association of Personal Historians APH Antepartum Hemorrhage APH A Pleasurable Headache (Matthew Good Band community) ), and The Sine Companies Inc. announced that they have signed a letter of intent whereby Amphenol will acquire Sine. Sine, based in Mount Clemens Mount Clemens (klĕm`ənz), city (1990 pop. 18,405), seat of Macomb co., NE of Detroit, SE Mich., on the Clinton River; settled c.1798, inc. as a city 1879. The city is known for its mineral waters. , Mich., is a leading manufacturer of connectors and engineered cable assemblies for the machine tool automation, instrumentation and machine motion control markets. Sine's sales in 1995 were $33.6 million. Martin H. Loeffler, chief executive officer of Amphenol, stated that, "The acquisition of Sine will complement our existing interconnect and cable assembly product line for the industrial market. Sine is a fine company with excellent management and a leading position in their target markets; we look forward to their inclusion as part of the Amphenol family." Jim Van Camp, chairman of Sine, commented, "The proposed transaction will enhance the future success of both companies." Jerry Zaccardelli, president and chief executive officer of Sine, added, "We are excited about the opportunity to expand our business through consolidation with Amphenol. We believe the proposed transaction will provide a significant benefit to our customers and the markets we serve." Consummation CONSUMMATION. The completion of a thing; as the consummation of marriage; (q.v.) the consummation of a contract, and the like. 2. A contract is said to be consummated, when everything to be done in relation to it, has been accomplished. of the acquisition is subject to normal due diligence Research; analysis; your homework. This term has caught on in all industries, because it sounds so "wired." Who would want to do analysis or research when they can do due diligence. See wired. procedures and other customary conditions. Amphenol Corp. manufactures connectors, cable and interconnect systems for electronics, cable television, telecommunications, aerospace, transportation and industrial applications. The company's products are engineered and produced in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. , Europe and the Far East and sold by a worldwide sales and marketing organization. CONTACT: Amphenol Corp. Edward G. Jepsen, 203/265-8650 |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion