SAN DIEGO - March 31, 2003 - Goldenhill Technology Advisors (www.gtallp.com) today announced that it has acted as the M&A Advisor to Bel Fuse, Inc. (www.belfuse.com) throughout the process culminating in Bel's acquisition of the assets of the passive components business from Insilco Technologies, Inc., for approximately $35 million in cash and the assumption of certain liabilities.
Dan Bernstein, Bel's President and CEO stated, "we value the service Goldenhill has provided to us in the completion of a successful acquisition agreement, and we look forward to using Goldenhill to advise us in future transactions".
Bel (www.BelFuse.com) and its subsidiaries are primarily engaged in the design, manufacture and sale of products used in networking, telecommunications, high-speed data transmission, automotive and consumer electronics. Products include magnetics and connectors for voice and data transmission, fuses, DC/DC converters, delay lines and hybrid circuits. The Company operates facilities around the world.
About Goldenhill Technology Advisors
Goldenhill's sole focus is to represent and advise our technology business Clients in merger and acquisition (M&A) engagements. Our engagements include providing services to Sellers or Buyers in M&A projects in the UK, USA and Europe with specific focus in software and service businesses. Please contact us at www.gtallp.com.