FORT WORTH, TX -- Berkshire Hathaway Inc., the investment fund of Warren Buffett, will buy component distributor TTI Inc. Terms were not disclosed and the deal is expected to close during the first quarter of 2007.

The deal includes TTI subsidiary Mouser Electronics. TTI is the world's fifth largest electronics components distributor, with reported sales of $835 million in 2005.


TTI is privately held, and will operate as a wholly owned subsidiary of Berkshire Hathaway, the companies said.

TTI's management will remain in place, including founder and chairman Paul Andrews.

In a press release Buffett, Berkshire Hathaway's chairman and chief executive, said, "Andrews is a remarkable man who has built an outstanding business. We are pleased to have the opportunity to add TTI to the Berkshire Hathaway Group."

TTI employs 1,700 workers and has more than 50 locations.