Bel Fuse Inc. (NasdaqGS:BELF.A) is looking for acquisitions. Farouq Tuweiq, CFO said, "On the acquisition front, we've always been in the game. We continue to be in the game.

Right now, I think because of the interest rate environment or overall environment, we're seeing less assets come to market that generally tends to be the theme. We start seeing a little bit more pickup on maybe not so great quality businesses but our expectations is that we'll see that as some of the class of kind of the macro environment disappear and some of the lending environment. We expect to see more assets come out.

I think the good thing for us is we know that they will come and we are setting up ourselves with a super clean balance sheet. And obviously, getting our house in order, will make us a more competitive player as we go after these acquisitions in terms of both closing the deal and just hosting our new partners down the road. So it will come, not yet, but we're always looking".