Bel Acquires rms Connectors, Inc.

JERSEY CITY, N.J., Jan. 13, 2021 (GLOBE NEWSWIRE) — Bel Fuse Inc. (“Bel,” or, “the Company”) (Nasdaq:BELFA and Nasdaq:BELFB), a leading supplier of products that power, protect and connect electronic circuits, today announced that the Company has acquired rms Connectors, Inc. (“rms Connectors”), from rms Company Inc., a division of Cretex Companies, Inc. rms Connectors is a highly regarded connector manufacturer with over 30 years of experience producing harsh environment circular connectors used in a variety of Military and Aerospace applications. With Bel working closely with Cretex, we were able to move from letter of intent to a definitive purchase agreement in less than two months over the holiday season. This marks Bel’s second acquisition announcement this week. Published on : http://www.globenewswire.com/news-release/2021/01/13/2158189/0/en/Bel-Acquires-rms-Connectors-Inc.html…

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