Product category:
Plugs and Sockets
News Release from: Radiall
Edited by the Electronicstalk Editorial
Team on 06 November 2006
Radiall completes Jerrik sell-off
Radiall has completed the sale of certain of the assets of its Radiall Jerrik subsidiary, located in Tempe, Arizona, to Conesys, based in Torrance, California.
Radiall has completed the sale of certain of the assets of its Radiall Jerrik subsidiary, located in Tempe, Arizona, to Conesys, based in Torrance, California The completed transaction gives Conesys the Jerrik trademark and all assets relating to the design and manufacture of filter connectors and MIL1553 databus cable assemblies
This article was originally published on Electronicstalk on 2 Mar 2001 at 8.00am (UK)
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In addition, Conesys, through its newly established subsidiary, Jerrik will remain in the same Tempe facility and retaining all of the employees relating to these activities.
"We are very pleased to have completed this transaction with Conesys, both parties worked very effectively and co-operatively to bring this agreement to a close", said Dominique Buttin, Executive VP of Radiall.
"The combination of Jerrik's expertise in filter connectors and Conesys capabilities in circular connectors, will further enhance Jerrik's position in the specialty connector marketplace", said Alan Trombly, President of Conesys.
Radiall will relocate its sales organisation to support other Radiall products and its fibre optic assembly activity to new premises in Chandler before the end of the year.
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