| USA. Bell Industries sells J.W. Miller to Bourns in $8.5 million Cash deal |
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| Tuesday, 02 May 2006 | |
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Company news: Bell Industries, Inc. (AMEX:BI) has announced the sale of substantially all of the assets, excluding real estate, of its J.W. Miller division to Bourns, Inc. for $8.5 million in cash, subject to post closing adjustments. J.W. Miller manufactures and distributes a variety of standard and custom magnetic components used in electronic applications for computer, medical and telecommunications equipment. The unit had sales of approximately $8.4 million in 2005. "J.W. Miller is our smallest business unit and the sale to Bourns is in keeping with our strategy of focusing on core business operations and aligning our resources to become leaders in the key markets we serve," said John A. Fellows, Bell Industries' chief executive officer. Bourns, a privately owned company based in Riverside, CA, manufactures electronic components for a broad range of markets. J.W. Miller is based in Gardena, CA. |
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| Last Updated ( Tuesday, 02 May 2006 ) |
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