Fort Worth-based TTI, Inc. acquires French connector distributor Mateleco

by PegNews wire

FORT WORTH — TTI, Inc. announced today that they have acquired the Mateleco Group, the number one connector distributor in France.

Mateleco, which was founded in 1975 and for 33 years has grown and expanded throughout Europe, has six locations strategically located throughout the country and enjoys a broad and diverse customer base. TTI President and CEO, Paul Andrews, said, “Through our due diligence we found there were limited duplications of Mateleco customers and TTI customers, thus giving the two companies the broadest customer base in France.” Andrews continued, “This acquisition will establish TTI and Mateleco as the number one distributors in both passives and connectors in France.”

Mateleco will operate independently as a wholly-owned subsidiary of TTI. The management team will remain in place with Mr. Claude Joly as President and Mr. Bernard Le Jeune and Mr. Bernard Franchet as corporate officers. Mr. Joly will report to Gene Conahan, TTI Europe’s President.

Headquartered in Fort Worth, Texas, TTI, Inc. is a specialty distributor of passive, interconnect and discrete components.

Source: TTI, Inc.