TTI, Inc. Announces Acquisition of RFMW Ltd.
Fort Worth, TX – TTI, Inc., a leading specialty distributor of electronic components, today announced the closing of its acquisition of RFMW Ltd., a privately held RF and Microwave specialty component distributor headquartered in Silicon Valley, California.
RFMW will continue to operate under the RFMW brand name, reporting through the TTI Semiconductor Group (TSG). Joel Levine, company founder and president will remain as president of RFMW, reporting to TSG President, Michael Knight.
Commenting on the announcement, Knight said, “I am thrilled to welcome RFMW to the TTI Family of Companies and our semiconductor distribution group. RFMW’s company culture, style and focus align well with TTI and are a perfect fit for our specialty distribution model. Further, they have excellent synergy within our total company and will contribute greatly to TTI’s value proposition for customers and suppliers.”
TTI, Inc., a Berkshire Hathaway company, is an authorized, specialty distributor of interconnect, passive, and electromechanical (IP&E) components and the distributor of choice for industrial and consumer electronics manufacturers worldwide. Broader and deeper inventory, leading-edge products and custom supply chain solutions have established TTI as the leading specialist in electronic component distribution. Globally, TTI maintains two million cubic feet of dedicated warehouse space containing over 850,000 component part numbers. Along with its subsidiaries, Mouser Electronics, Sager Electronics, and TTI Semiconductor Group. TTI employs over 6,000 employees and is represented in over 100 locations throughout North America, Europe and Asia. For more information about TTI, visit www.ttiinc.com
About Berkshire Hathaway
Berkshire Hathaway and its subsidiaries engage in diverse business activities including insurance and reinsurance, utilities and energy, freight rail transportation, finance, manufacturing, retailing and services. Common stock of the company is listed on the New York Stock Exchange, trading symbols BRK.A and BRK.B. For more information about Berkshire Hathaway, visit www.BerkshireHathaway.com
About TTI Semiconductor Group
TTI Semiconductor Group (TSG) was created to provide TTI customers a specialty semiconductor supply chain option formed in the ethical and hardworking spirit they are accustomed to from TTI and its subsidiaries. TSG joins TTI, Inc., Mouser Electronics and Sager Electronics in the TTI Family of Companies, giving purchasing communities and manufacturers a well-funded and well-known global distributor backed by the strength of Berkshire Hathaway. For more information about TTI Semiconductor Group, visit www.TTISemiconductor.com
About RFMW Ltd.
RFMW Ltd. is a specialty electronics distribution company founded in 2003, headquartered in Silicon Valley and focused exclusively on serving customers that require radio frequency and microwave components and semiconductors, as well as component engineering support. The company continues to expand its list of products from selective suppliers with RF/microwave expertise. RFMW deploys a highly experienced, technically skilled team to assist customers with component selection and fulfillment. To learn more about RFMW, visit www.rfmw.com.