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Tuesday, October 27, 2009
Black Box Corporation Announces Acquisition of CBS Technologies Corp.
CBS Technologies Corp. (CBS) represents approximately $12 million in annual historical revenues
PITTSBURGH, PENNSYLVANIA, October 27, 2009 -- Black Box Corporation (NASDAQ:BBOX) today announced the acquisition of CBS Technologies Corp. (CBS), a privately-held company headquartered in Islandia, NY. CBS has an active customer base which includes commercial, education and various government agency accounts. Annual historical revenues of CBS are approximately $12 million.
Robert Corvalan, former CBS President, commented, “We are excited and energized about this fantastic opportunity with Black Box to continue to grow our New York customer base with the added resources of Black Box including their vast selection of voice and data products. We look forward to becoming an integral part of the Black Box family.” Mr. Corvalan will report to Paul Anthony, Regional General Manager.
Commenting on the acquisition, Mr. Anthony stated, “We are excited to join forces with a high-quality competitor in the New York market. This strategic acquisition adds tremendous strength and expertise to our presence in the Northeast region.”
Black Box is the world's largest technical services company dedicated to designing, building and maintaining today's complicated data and voice infrastructure systems. Black Box services more than 175,000 clients in 141 countries with 194 offices throughout the world. To learn more, visit the Black Box Web site at http://www.blackbox.com.
Black Box® and the Double Diamond logo are registered trademarks of BB Technologies, Inc.
Contact: Black Box Corporation
Director – Investor Relations
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