Beldon Buys Broadband Hardware Provider

Photo courtesy of Wikimedia
St. Louis-based Belden Inc. has acquired privately held PPC, a provider of connectors for broadband service providers, for $515.7 million.

Syracuse, N.Y.-based PPC has 2012 revenue of about $238 million, and with operating margins above 22 percent, is expected to be accretive to Belden’s operating results, the company said Tuesday. Last month, Belden agreed to sell its Thermax and Raydex cable businesses to Carlisle Cos. Inc.

The company said it expects revenue to be $500-$510 million for the fourth quarter and $1.94-$1.95 billion for the year ending Dec. 31.

Read more on St. Louis Business Journal.

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