Charles Industries, Ltd. acquired by Amphenol Corporation

Amphenol to leverage Charles' outside plant expertise to expand their end to end passive interconnect solutions offering.

May 6th, 2019
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SCHAUMBURG, IL, MAY 6, 2019 -- Charles Industries, Ltd., a leading North American manufacturer of integrated environmental housings and enclosures for wireless, telecom, and broadband service providers, announced that it has been acquired effective April 23 by Amphenol Corporation (NYSE: APH), Wallingford, Connecticut, a world leader in the antenna, optics, and interconnect space for wireless, cable, satellite, telco video, and data networks.

Charles Industries will join other Amphenol businesses under the Amphenol RF, Optics and Broadband Group, which offers a wide range of interconnect, antenna, coaxial cable, optical and passive products to service the communications market; with products ranging from connectors and interconnect assemblies, to antennas and fiber optic components, to customer premises and distribution cables.

John Sieber, formerly Sr. Vice President and Chief Operating Officer, was named General Manager for Charles Industries and will report to Zak Raley, Sr. Vice President and Group General Manager of Amphenol's RF, Optics and Broadband Group. "We are very excited to be joining the Amphenol family as their outside plant company" said Sieber. "The fact that there will be no consolidation of our manufacturing, sales, engineering, or management; with the ability to retain our employees; preserve the Charles brand name and entrepreneurial culture; and continue the Charles legacy, were all critical to founder Joe Charles' decision to sell the company to Amphenol. By being acquired by Amphenol, Charles will be able to leverage Amphenol's global market position, strong financial resources, and the ability to create new product opportunities with other Amphenol solutions."

"We are extremely pleased to add Charles Industries to the Amphenol family," said Zak Raley. "As a total system solution provider, involved in and around the transmission of the signal, Amphenol looks to leverage Charles' 50+ years' of Outside Plant experience to further expand our end to end interconnect solutions offering with Charles' comprehensive and proven line of environmental enclosure solutions, which are ruggedized for harsh environments, to further serve and protect the passive interconnect of the communications industry. In particular, the addition of Charles to the RF, Optics and Broadband group will expand our reach into the outside plant environment, broadening our presence in next generation 5G wireless networks and upcoming fiber to the node-business-home-premise (FTTX) space, all while enhancing Amphenol's position in our customers' new network topologies."

About Charles Industries
Charles Industries, Ltd., is a diversified manufacturing and high-technology company serving telecommunications, wireless, broadband cable, utility/energy and industrial markets. Founded in 1968, the company is ISO 9001:2015 and TL 9000-H registered and headquartered in Schaumburg, Illinois with five additional U.S.-based manufacturing centers. For further information, visit www.charlesindustries.com.

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