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TTI Announces Acquisition of HuaTong Electronic Co.

FORTH WORTH, Texas — TTI, Inc. an indirect, wholly owned subsidiary of Berkshire Hathaway, announced the acquisition of the assets of HuaTong Electronic Co., Ltd., an electronic components distributor headquartered in Dongguan Shilong. Founded in 1994, Huatong was the first batch authorized distributor of Molex connectors in Greater China and remains the largest domestic Molex distributor in Asia Pacific South.

Huatong employs approximately 60 associates at established locations in Dongguan Shilong, Hong Kong, Suzhou, Shenzhen and Beijing. The company is a specialty distribution partner to many Chinese, domestic cellular phone manufacturers − a market segment not previously served by TTI in China.

http://www.ttiinc.com/object/pr-tti-huatong-acquisition

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