Electronic components distributor TTI, Inc., Fort Worth, TX, an indirect, wholly owned subsidiary of Berkshire Hathaway, has acquired Ray-Q Interconnect. Founded in 1969 as a Raychem subsidiary based in Israel with offices in Turkey and India, Ray-Q provides electrical interconnect solutions to military, aerospace and other high-reliability product industries.
Ray-Q serves customers in Israel, Turkey, India, Eastern Europe and parts of Central Europe, and has 70 employees.
"We look forward to their support in the globalization of our vision to be a prime supplier of electrical and FO interconnect products and solutions to high reliability system manufacturers," said Yigal Funt, Ray-Q CEO. "Becoming part of TTI will greatly enhance our added value activities in the support of the design and implementation of interconnect systems for our customers."
Funt will continue to lead the Ray-Q organization.