Belden Agrees to Sell Its Consumer Electronics Assets in China for $43M

Belden Inc.

, a global leader in signal transmission solutions for mission-critical applications, today announced it has entered into a definitive agreement to sell its consumer electronics assets in China to Shenzhen Woer Heat-Shrinkable Material Co., Ltd. for consideration of approximately . “I'm pleased to announce this agreement with Shenzhen Woer Heat-Shrinkable Material Co., Ltd. We believe this is a positive outcome that will benefit Belden shareholders by returning our focus to areas of strategic relevance in Asia. The sale of these assets will reduce 2013 revenue by approximately $100 to $120 million with no significant impact to operating profit. Additionally, we expect to incur non-cash charges of approximately $25 million in 2012