Belden selling some assets to Superior Essex; may close plant

Belden Inc. has agreed to sell parts of its communication cable business to Superior Essex Inc. for as much as $95 million, and may close its Phoenix-based facility. Superior Essex will buy selected inventories, machinery and equipment, and will assume certain customer contracts related to Belden's North American telecommunication wire and cable business.

04/01/2004


Belden Inc. has agreed to sell parts of its communication cable business to Superior Essex Inc. for as much as $95 million, and may close its Phoenix-based facility. Superior Essex will buy selected inventories, machinery and equipment, and will assume certain customer contracts related to Belden's North American telecommunication wire and cable business.

As a result of the sale, Belden is contemplating closing its manufacturing operation in Phoenix, AZ. This possible move is subject to discussions with the plant's employee bargaining unit.





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