Black Box Corporation Announces Merger With Haddad Electronic Supply, Inc.Business Editors PITTSBURGH--(BUSINESS WIRE)--April 12, 2001 Black Box Corporation (Nasdaq:BBOX) today announced a merger with Haddad Haddad (Arabic: حدّاد) is an Arab and Persian word meaning "blacksmith", commonly beared in the Middle East, and also beared by an African people. Electronic Supply, Inc. Established in 1951 in Fall River, Massachusetts Fall River is a city in Bristol County, Massachusetts, in the United States. It is located about 46 miles south of Boston, 16 miles southeast of Providence, Rhode Island and 12 miles west of New Bedford. The city's population was 91,938 during the 2000 census. , privately-held Haddad provides technical design, installation and maintenance services for telecommunication telecommunication Communication between parties at a distance from one another. Modern telecommunication systems—capable of transmitting telephone, fax, data, radio, or television signals—can transmit large volumes of information over long distances. , premise cabling and related products to customers primarily in New England New England, name applied to the region comprising six states of the NE United States—Maine, New Hampshire, Vermont, Massachusetts, Rhode Island, and Connecticut. The region is thought to have been so named by Capt. . Annual revenues of Haddad are approximately $3 million. Commenting on the merger, Henry E. Eknaian, Jr., President of Black Box Network Services - New England Operations, said, "We are very happy to bring Sam (1) (Security Accounts Manager) The part of Windows NT that manages the database of usernames, passwords and permissions. A SAM resides in each server as well as in each domain controller. See PDC and trust relationship. Haddad and his experienced organization into our New England team. He strengthens our breadth of telephony Meaning "sound over distance," it refers to electronically transmitting the human voice. In the beginning, telephony dealt only with analog signals in the circuit-switched networks of the telephone companies. services in New England and further expands our existing customer base. In turn, the existing Haddad customers will benefit from Black Box's premier network infrastructure services." Solomon D. Haddad, Jr., President and owner of Haddad, said, "This merger will leverage the resources and capabilities of Black Box to provide services and products to our customers that are currently unequalled in the marketplace. The entire Haddad team is looking to the future with excitement, confident this merger will fuel increased customer satisfaction as well as organizational growth opportunities." Mr. Haddad will serve as Vice President of Black Box Network Services - New England Operations managing the Fall River branch. He will report to Mr. Eknaian. This transaction is being accounted for as a purchase. The purchase price has not been disclosed. Black Box is a leading worldwide technical service provider of network services and related products to businesses of all sizes, servicing customers in 132 countries throughout the world. |
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