Belden Pays $516M For Broadcast Parts Maker PPC

Law360, New York (December 11, 2012, 3:07 PM EST) -- Digital-cable maker Belden Inc. has plunked down $515.7 million for family-owned PPC, a Syracuse, N.Y.-based company that manufactures connectors for telecommunication, satellite and wireless transmission systems, the companies announced Tuesday.

Belden's connectivity segment — the smallest of the St. Louis, Mo., company's three major product categories — should get a significant boost from the addition of PPC, which is on track to rake in $238 million in revenue this year, according to a statement from the buyer.

“PPC provides innovative products that enable our customers to...
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