Bourns Acquires Assets of Riedon, Inc., a Leading Manufacturer of Resistors

RIVERSIDE, Calif., April 17, 2023 - Bourns, Inc., a leading manufacturer and supplier of electronic components for power, protection, and sensing solutions, announced today that its wholly owned subsidiary, BE Services Company, Inc., has acquired substantially all of the assets of Riedon Inc. ("Riedon"), including Riedon's manufacturing operations in Alhambra, California and in Tecate, Mexico. The terms of the transaction were not disclosed.

"As a leader and innovator of custom, high quality resistive solutions, Riedon's products are well known for their stability over time even within extreme environments. Including Riedon's broad portfolio of thick-film, thin-film, wire-wound and shunt resistor products gives us a valuable addition to Bourns resistors product line. This acquisition represents an important step in our continued protection portfolio growth strategy," said Craig Shipley, President of Bourns Protection Division.

"The acquisition complements Bourns' existing resistors product line and enables us to offer our customers a broader and deeper range of resistive and current sense product solutions. It also puts Bourns in a favorable position to better meet the technology and advanced product demands of high growth markets," said Al Yost, President of Bourns, Inc. "We are thrilled to welcome Riedon's employees to the Bourns family, and look forward to working closely with them to continue the successful growth of the business."

About Riedon

Riedon, Inc. is a resistor manufacturing company, specializing in power resistors, precision resistors, surface mount resistors, high temperature, high power, and custom resistors. Riedon is committed to bringing the best custom, high quality resistive solutions to customers around the globe since 1960. The company's headquarters and primary manufacturing facility is located in Alhambra, CA with an additional production facility in Tecate, Mexico.

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Annette Keller
Keller Communication
(949) 947-7232
Josephine Chen
Bourns Asia Pacific, Inc.
886-2-2562-4117 #138