RF Industries Acquires Leading Telecom Supplier Schroff Technologies International
November 04 2019 - 4:14PM
via NEWMEDIAWIRE --
RF Industries, Ltd, (NASDAQ:
RFIL), a national manufacturer and marketer of
interconnect products and systems, today announced it has acquired
Schroff Technologies International, Inc., a privately owned Rhode
Island-based manufacturer of products serving the high growth
wireless, telecom, and cable markets.
Schrofftech has two primary product offerings. The first is an
energy-efficient cooling system for wireless base stations and
remote equipment shelters that can decrease a telecom carrier’s air
conditioning costs up to 75 percent. Schrofftech’s second product
offering is a family of custom designed, pole-ready 5G small cell
integrated enclosures. These enclosures provide improved aesthetics
and reduce small cell installation time from days to hours.
Robert Dawson, President and CEO of RF Industries, commented,
“Schrofftech has a great reputation in the market for providing
quality solutions to their customers. Their offerings of passive
and integrated solutions for the communications marketplace are a
great fit with RF Industries. We are excited to welcome the
talented employees from Schrofftech to the RF Industries team and
believe that their product offerings fit perfectly with our focus
on the 5G small cell market and the significant growth
opportunities we see in servicing that market over the next several
years.”
David Therrien, President of Schroff Technologies, observed, “We
are very eager and excited to join RF Industries. From day one we
can take advantage of a vertical supply chain architecture to bring
benefit to our shared customers. Having access to top quality RF
and fiber cable assemblies is a strong complement to our integrated
5G enclosure product offering. This natural synergy, combined with
exposure to a broader customer base, provides us a significant
growth opportunity in the coming years.”
About Schrofftech
Schroff Technologies International, Inc. serves the high
growth wireless, telecom and cable markets. They offer energy
efficient cooling / temperature control and filtration systems for
telecom shelters, outdoor enclosures and battery /power rooms for
the telecom and cable industries. The company also retrofits
existing communications equipment infrastructure for capacity
upgrades and thermal efficiencies resulting in compelling capital
and energy cost savings. Based in Rhode Island, Schroff
Technologies International, Inc. was founded in 2005 and is ISO
9001:2015 certified.
About RF Industries
RF Industries designs and manufactures a broad range of
interconnect products across diversified, growing markets including
wireless/wireline telecom, data communications and industrial. The
Company's products include RF connectors, coaxial
cables, data cables, wire harnesses, fiber optic
cables and custom cabling. The Company is headquartered
in San Diego, California with additional operations in Long Island,
New York, Vista, California and Milford, Connecticut. Please visit
the RF Industries website at www.rfindustries.com.
Contacts:
RF Industries
Mark Turfler
SVP/CFO
(858) 549‑6340
rfi@rfindustries.com
MKR Investor Relations Inc.
Todd Kehrli
Analyst/Investor Contact
(323) 468-2300
rfil@mkr-group.com
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