Berkshire Hathaway owned electronic component distributor TTI announced the acquisition of China-based HuaTong, the largest distributor of Molex electro-mech connectors in Asia Pacific South, mainly China based domestic cellular phone manufacturers.
Gene Conahan, President TTI Europe and Asia said “Bringing Huatong Electronics into the TTI family of companies establishes our presence in the fast growing Chinese cellular phone market segment and is further evidence of TTI’s commitment to growth in the region. With the good people of Huatong on our team I anticipate continued success in both areas.”
Man Deng, Huatong’s General Manager says “We at Huatong know that TTI has the same spirit as our company; ‘Service-oriented, customer-oriented’ and the same management policy of ‘sincere service, people-oriented.’ We are happy to join TTI and offer our customers and employees the service and support of TTI.”
Berkshire Hathaway also owns another leading distributor Mouser.