Andrew Corporation, a global communications systems equipment supplier, acquired selected assets of Channel Master LLC and certain of its subsidiaries for total consideration of approximately $18 million in cash.
Channel Master is a privately held designer and manufacturer of high volume antenna and antenna-related products for professional VSAT (Very Small Aperture Terminal), consumer DBS (Direct Broadcast Satellite) and television accessory markets. The acquired assets include equipment, inventory, intellectual property, and a lease on a portion of the Smithfield, North Carolina facility for a period of up to 18 months.
Andrew is currently working with former Channel Master customers to assure delivery and service continuity while integration teams are examining customer, commercial and employee implications of combining Channel Master's U.S. and overseas operations into existing Andrew locations.
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