Due diligence underway in ERI acquisition of Andrew Corp. broadcast division
November 4, 2003
Andrew is currently working with ERI to sell its broadcast products division to the company. Currently, no details of the purchase price or terms of the sale are available.
Due diligence is underway in the potential acquisition of Andrew Corp.'s broadcast products division to Electronics Research Inc. of Chandler, Ind.
If ERI is satisfied with the results of the due diligence, it is expected to acquire the Andrew division by the end of November. Currently, no details of the purchase price or terms of the sale are available.
ERI currently offers a variety of products, including UHF and VHF television antennas, FM antennas, iBOX digital radio systems, filters, towers and lightning protection and grounding products.
According to a statement from Andrew, ERI will lease Andrew's Orland Park, Ill. manufacturing facility while it moves machinery and employees to ERI's main manufacturing plant in Chandler. Andrew's Gray, Maine facility, which makes RF filters and combiners, will also become part of ERI's assets going forward.
Andrew will retain its HELIAX air cable-manufacturing business (and the HELIAX trademark) and serve as the main supplier of air cable to ERI. All other Andrew businesses, such as its satellite communications division, will not be affected by the proposed sale.
For more information visit www.eriinc.com >.
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