TTI, Inc. Announces the Closing of Its Acquisition by Berkshire Hathaway

    FORT WORTH, TEXAS, March 30 /CNW/ - TTI, Inc., the world's leading
passive and connector specialist, announced today the closing of its
acquisition by Berkshire Hathaway Inc. making TTI and its affiliate Mouser
Electronics part of the Berkshire Hathaway Group, whose Chairman and CEO is
Warren Buffett.

    Paul Andrews, TTI Chairman and CEO, commented, "The deal is complete and
TTI and Mouser are honored to be part of the distinguished Berkshire Hathaway
family. We anticipate a smooth and seamless transition internally as well as
for our customers and suppliers." He emphasized that the acquisition positions
TTI and Mouser for the long-term. "This is a perfect union of one great
company becoming part of another. Berkshire's management style melds perfectly
with the way TTI has conducted its business for the past 36 years. Berkshire
has an entrance strategy, but no exit strategy and that suits my business
philosophy for TTI," Andrews said.

    TTI's and Mouser's management will remain in place and will continue to
run TTI's day-to-day activities. This ownership change should be invisible to
customers and suppliers.

    TTI finds itself among a distinguished list of some of the most solid
businesses and recognizable brand names in North America including GEICO
Insurance, See's Candies, Business Wire, Fruit of the Loom and NetJets, just
to name a few. TTI becomes the third Fort Worth-based company to be purchased
by Berkshire Hathaway. Acme Building Brands and Justin Brands also are owned
by Berkshire Hathaway.

    About TTI, Inc.

    Headquartered in Fort Worth, Texas, TTI, Inc. is the largest distributor
specialist of passive, interconnect and electromechanical components. TTI is
the distributor of choice for industrial and consumer electronic manufacturers
worldwide. TTI's extensive product line includes: resistors, capacitors,
connectors, potentiometers, trimmers, magnetic and circuit protection
components, wire and cable, identification products, application tools and
electromechanical devices. TTI is recognized as the industry's leader in
service and quality and provides a broad array of supply chain services to its
customer base. TTI employs 1,700 with more than 50 locations throughout North
America, Europe and Asia. For more information about TTI visit

    About Mouser

    Mouser Electronics, Inc. is an electronic component distributor, focused
on the rapid introduction of new products and technologies to electronic
design engineers. features over 730,000 products online from more
than 300 manufacturers. Mouser's 1,800+ page catalog is published every 90
days, providing designers with up-to-date data on the components now available
for the next generation of electronic devices. Mouser ships globally to over
280,000 customers in 170 countries from its 432,000 square foot state-of-the
art facility in Mansfield, Texas. For more information about Mouser, visit

For further information:

For further information: TTI, Inc. Craig Conrad, 817-740-9000

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