||Fort Worth, TX — TTI, Inc., an indirect wholly owned subsidiary of Berkshire Hathaway, has entered into a purchase agreement to acquire Sager Electronics, a privately held electronic component distributor headquartered in Middleborough, Massachusetts. Sager Electronics will operate as a wholly owned subsidiary of TTI, Inc. for the foreseeable future.
Frank Flynn will remain as President of Sager Electronics and will lead the combined TTI and Sager post-acquisition teams. In this position Mr. Flynn will report to Mr. Paul Andrews, Chief Executive Officer, TTI, Inc. Upon the close of the transaction, Raymond Norton, current CEO Sager Electronics, will remain with Sager in an advisory capacity for a period of time.
Contact: TTI, 2441 Northeast Parkway, Fort Worth, TX 76106-1896 817-740-9000 or 817-429-4600 fax: 817-740-1260 Web: http://www.ttiinc.com