Canaccord Genuity Hawkpoint advises Safran SA on the disposal of Cinch Connectors

On 29 January 2010, Bel Fuse Inc. (NASDAQ:BELFA and NASDAQ:BELFB) announced that it has acquired Cinch Connectors from Safran SA (ENXTPA:SAF), a leading French industrial group, for $37.5 million in cash plus approximately $1.5 million for the assumption of certain expenses.

Cinch Connectors manufactures a broad range of interconnect products for customers in the military and aerospace, high-performance computing, telecom/datacom, and transportation markets. Cinch is headquartered in Lombard, Illinois and has manufacturing facilities in Vinita, Oklahoma, Reynosa, Mexico and Worksop, England and had revenue for 2009 of $56 million.

Canaccord Genuity Hawkpoint acted as financial adviser to Safran SA.

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