SPX to Close Dielectric Communications Business Unit »
By philsandberg on Apr 21, 2013 in mediabusiness | Comments Off
U.S. company SPX has announced that it will close Dielectric Communications, its broadcast transmission equipment business by mid-2013.
Since 1998, acquisitions and focused organic growth had helped SPX transition from a U.S.-centric automotive component manufacturer with less than US$1 billion in sales, to a globally diversified provider of products in power and energy, and foods and beverages.
SPX purchased Dielectric Communications in 2001 which was established in 1942 when Dr. Charles “Doc” Brown’s Dielectric Products Corporation started developing transmission lines for early wartime radar systems.
After the war, Doc Brown’s team applied its technology in the new civilian field of television broadcasting. Dielectric began to invent and supply equipment for all three major U.S. television networks.
In a statement to customers, Mark Fichter GM Dielectric Communications, Broadcast and Wireless Antenna Operations, said “After careful consideration, SPX has decided to discontinue the broadcast television and radio and wireless antenna operations of its Dielectric Communications business unit worldwide, due to extremely difficult global economic conditions in the broadcast marketplace, and SPX’s ongoing efforts to further focus its future growth strategy on its Flow Technology business.”
According to Fichter, Dielectric management will be working through the implications of the SPX decision and will look to provide customers with further information during the week of April 29th.
Fichter says the company will continue to operate in a limited capacity through the end of June 2013.
“Our primary focus will be on completing outstanding orders while also conducting the necessary steps to close the business.”
Visit http://www.spx.com/en/dielectric/
