TTI in Fort Worth acquires electronics firm in Israel
Fort Worth-based TTI, Inc. an indirect, wholly owned subsidiary of Berkshire Hathaway, has acquired Ray-Q Interconnect, a Raychem subsidiary based in Israel with offices in Turkey and India.
Founded in 1969, Ray-Q provides electrical interconnect solutions to military, aerospace and other high-reliability product industries. Since 2000 the company has been incorporated as a representative, consultant, and distributor of leading technologies and interconnect products of manufacturers for Israel, Turkey, Eastern and parts of Central Europe, and India, TTI said.
Ray-Q employs approximately 70 associates and counts among their customers virtually every major defense contractor, TTI said.
Yigal Funt, Ray-Q CEO, said “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 head Ray-Q.
_ Sandra Baker