RF Industries to Acquire Cables Unlimited for $5.6M in Cash and Stock

RF INDUSTRIES, LTD. RFIL announced today that it has entered into a definitive agreement to acquire privately owned Long Island, NY-based Cables Unlimited, Inc., for cash and equity consideration of approximately $5,600,000. CUI had revenue of approximately $6,200,000 and non-audited non-GAAP adjusted EBITDA of approximately $645,000 in its most recent twelve months ended December 31, 2010.