Littelfuse to Acquire Catalina Performance Accessories Inc
DES PLAINES, Ill.--June 13, 2006--Littelfuse, Inc. today announced that it has signed a definitive agreement to purchase the assets of Catalina Performance Accessories Inc. of Mountainburg, Arkansas for $4.5 million in cash. Catalina Performance Accessories markets and distributes the Smart Glow automotive blade fuse product line. Catalina Performance Accessories has annual sales of approximately $2 million. The acquisition is expected to be neutral to Littelfuse earnings in 2006. The transaction is expected to be completed in June."The Smart Glow fuse product line is a good fit for Littelfuse. It complements our already broad product offerings for the automotive aftermarket and will add further value to our customer relationships. Littelfuse has a strong product position and is a well-recognized brand in the automotive aftermarket. This acquisition reflects our ongoing commitment to grow this segment of our business, and is part of our overall company strategy to acquire companies and technologies that enhance our product portfolio and strengthen our customer base." said David W. Heinzmann, Littelfuse Vice President and General Manager, Automotive Business Unit.
Smart Glow fuses feature an indicator light that glows when the fuse is blown. In addition to making it easy to identify which fuse is blown, the color-coded fuses also indicate the amperage of the fuse that needs to be replaced. Smart Glow fuses are available through leading national automotive aftermarket retailers and distributors.
About Littelfuse
As the worldwide leader in circuit protection products and solutions with annual sales of $467.1 million in 2005, the Littelfuse portfolio is backed by industry leading technical support, design and manufacturing expertise. Littelfuse products are vital components in virtually every product that uses electrical energy, including automobiles, computers, consumer electronics, handheld devices, industrial equipment, and telecom/datacom circuits. Littelfuse offers Teccor(R), Wickmann(R) and Pudenz(R) brand circuit protection products. In addition to its Des Plaines, Illinois, world headquarters, Littelfuse has sales, distribution, manufacturing and engineering facilities in Brazil, China, England, Germany, Hong Kong, India, Ireland, Japan, Korea, Mexico, the Netherlands, the Philippines, Singapore, Taiwan and the U.S.