Augat announces intent to acquire Lindsay Specialty Products; Leading radio frequency distribution products manufacturer will strengthen Augat's communications business.MANSFIELD, Mass.--(BUSINESS WIRE)--Dec. 20, 1995--Augat Inc. (NYSE NYSE See: New York Stock Exchange :AUG), one of the world's largest manufacturers of connector products, today announced that it has signed a letter of intent to acquire certain electronic assets of Lindsay Specialty Products. These represent annual sales of approximately $15 million. Financial terms of the agreement were not disclosed. The transaction is expected to be completed in January 1996. Established in 1953, Lindsay Specialty Products is primarily a leading manufacturer and global provider of RF distribution products for the cable television (CATV (Community Antenna TV) The original name for cable TV. It used a single antenna at the highest location in the community in order to deliver a quality signal to homes in areas with hilly terrain or other interference. ), wired communications and wireless industries. Lindsay Specialty Products, located in Lindsay, Canada, manufactures products that are essential to the improved performance of integrated CATV and telephony systems, as well as hybrid fiber coaxial networks. "Lindsay is a recognized leader with strong technology and excellent patent positions in high-performance communication components," said William R. Fenoglio, Augat's President and Chief Executive Officer. "Lindsay's passive products line, including the industry leading power-passing tap products, will allow us to offer our customers a more complete solution when they are constructing and rebuilding high bandwidth, two-way communications systems. Lindsay products complement our existing lines of LRC (Longitudinal Redundancy Check) An error checking method that generates a parity bit from a specified string of bits on a longitudinal track. In a row and column format, such as on magnetic tape, LRC is often used with VRC, which creates a parity bit for each connectors, RF amplifiers and Augat Photon photon (fō`tŏn), the particle composing light and other forms of electromagnetic radiation, sometimes called light quantum. The photon has no charge and no mass. About the beginning of the 20th cent. optical communications Optical communications The transmission of speech, data, video, and other information by means of the visible and the infrared portion of the electromagnetic spectrum. equipment." John Thomas
John Thomas is the name of: A politician: Fenoglio stated, "Lindsay products and organizational structure  This article has no lead section.To comply with Wikipedia's lead section guidelines, one should be written. will be aligned with Augat's Communications Products Business. This acquisition represents another step in our strategy to focus our growth and expand our position in the worldwide telecommunications and cable television markets." One of the largest manufacturers of connector products in the world, Augat Inc. is pursuing a strategy for growth in communications, automotive, computer and industrial markets through customer partnerships, new-product introductions, strategic acquisitions and ongoing productivity measures. CONTACT: Ellen B. Richstone OR James R. Buckley James Richard Buckley (November 18, 1870 - June 22, 1945) was a U.S. Representative from Illinois. Born in Chicago, Illinois, Buckley attended the public and parochial schools and Christian Brothers' Commercial Academy. He engaged in mercantile pursuits. Chief Financial Officer Account Executive Augat Inc. Sharon Merrill Associates, Inc. 508/543-4300 617/262-1800 |
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