Belden CDT Inc. said that it would close some operations as part of cost cutting related to the merger of Belden and CDT earlier this year.
The facilities rationalization plan is aimed at achieving $25 million in annual net savings from the merger between Belden Inc. and Cable Design Technologies Corp.(CDT) through which Belden CDT was formed in July 2004.
The St. Louis company said it plans to close its Montrose cable operation in Auburn, Mass., which employs about 100 people
All access premium subscription
Only Electrical Marketing newsletter subscribers have access to premium content.
Being a subscriber to the Electrical Marketing newsletter allows you exclusive access to high value content including key economic indicators measuring the health of the market and access to the Electrical Price Index and other important industry insights.
Sign up for the Electrical Marketing newsletter to get access.