Belden acquires PPC for $515 million

Cable and networking products maker Belden acquired cable and telephone components maker PPC for $515.7 million. "PPC provides innovative products that enable our customers to profitably grow their business by delivering higher bandwidth and enhanced services, with fewer service calls. Belden and PPC will provide unique end-to-end solutions for these customers, and I am excited about the opportunity ahead of us," said Belden CEO and MAPI board of trustees member John Stroup. Separately, Sen. Chuck Schumer, D-N.Y., said he had received assurances from Belden that the company would retain PPC's 774 employees in DeWitt, N.Y.

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