Bel Fuse will acquire Cinch Connectors from Safran, a French industrial group, for $37.5 million in cash plus approximately $1.5 million for the assumption of certain expenses. The transaction will be funded with cash on hand. Headquartered in Lombard, Illinois and with manufacturing facilities in Vinita, Oklahoma, Reynosa, Mexico and Worksop, England, Cinch had revenue for 2009 of approximately $60 million.

Cinch manufactures a broad range of interconnect products for customers in the military and aerospace, high-performance computing, telecom/datacom, and transportation markets. Bel and its subsidiaries are primarily engaged in the design, manufacture and sale of products used in networking, telecommunications, high speed data transmission, and consumer electronics. Products include magnetics, modules (DC-DC converters, integrated analog front end modules and custom designs), circuit protection (miniature, micro and surface mount fuses) and interconnect devices (passive jacks, plugs and cable assemblies).

Cinch Connectors is a multi-national manufacturer of a broad range of interconnect products. In operation since 1917, Cinch is part of the Safran Group of Companies. The company is divided into 2 Business Units. The North American Business Unit is headquartered in Lombard, Illinois, and has manufacturing locations in the United States, and Mexico. The Europe Business Unit has headquarters and manufacturing facilities in England.

For the nine months ended September 30, 2009, the Bel net sales were $134,088,000 compared to $200,287,000 for the first nine months of 2008. The net loss for the first nine months of 2009 was $11,208,000, compared to net earnings of $5,924,000 for the first nine months of 2008.