Bel Fuse, Inc. (BELFA) has revenue of $625 million and continues to grow through acquisitions, according to President/Chief Executive Officer Daniel Bernstein. He was speaking at the 17th annual Needham Growth Conference at the Palace Hotel in New York City.
Bernstein, whose father founded the company 65 years ago, runs a company that offers power solutions and protection, magnetic solutions and connectivity solutions. Its products include RF coax connectors and cables, microwave components, and harsh environment optical products. Customers include such high-profile companies as Boeing, Facebook, IBM, Echelon, Intel and Philips.
“A lot of growth has come through acquisitions over the last five years,” said Bernstein, noting that management restructuring and elimination of redundancies happens quickly after deals close, and the Bel Fuse culture immediately instituted.
The company will be looking to continue its expansion through assimilation. “We focus on products and markets we understand,” Bernstein said, noting the company has made eight successful acquisitions over the last five years, four of them divestitures from billion-dollar conglomerates.
North America accounts for 35.4% of Bel Fuse revenue, Europe 20.2% and Asia 44.4%. Of those totals, networking accounts for 40% of revenue, mil-aero is 25%, industrial 20% and telecom 15%, Bernstein said.
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