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TTI Announces Acquisition of Ray-Q Ltd.

FORT WORTH, Texas — TTI, Inc. an indirect, wholly owned subsidiary of Berkshire Hathaway, today announced the acquisition of Ray-Q Interconnect. Founded in 1969 as a Raychem subsidiary based in Israel with offices in Turkey and India, Ray-Q provides high quality electrical interconnect solutions to military, aerospace and other high-reliability product industries. Since 2000 the company has been incorporated as a representative, consultant, and distributor of leading technologies and interconnect products of leading world class manufacturers for Israel, Turkey, Eastern and parts of Central Europe, and India.

Gene Conahan, President TTI Europe and Asia, on the acquisition, “It’s not often a company has the opportunity to add such longevity and superior technical value to their service offering. I am very pleased to be bringing the wiring and harness assembly expertise of Ray-Q to the TTI teams in Europe and Asia – and to the benefit of our customers worldwide.”

Ray-Q employs approximately 70 associates and counts among their customers virtually every major defense contractor.

http://www.ttiinc.com/object/pr-tti-ray-q-acquisition.html

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