Search results in tag Acquisitions

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Chinese cable maker Shenzhen Woer buy...

by wirelinks on 03/02/2013 - 08:20 pm
Tags: Acquisitions, Press Release

Shenzhen Woer Heat-Shrinkable Material Co. Ltd., which makes a range of plastic wire and cable products and claims to be the largest maker of such heat-shrinkable materials in China, is paying US$43.3 million (269.7 million Chinese yuan) to buy the Asian consumer electronics assets of American cable maker Belden Inc.


The acquisition of Belden's Hong Kong-based LTK International subsidiary will give Shenzhen Woer substantial additional manufacturing capacity in China. It is also designed, company officials said, to expand its presence in the electronics industry and speed development of environmentally oriented cross-linked materials.


Woer, which was founded in 1998 and is b ...

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Inductotherm Group to Add Clinton Mac...

by wirelinks on 01/10/2013 - 06:06 pm
Tags: Acquisitions, Press Release

Inductotherm Group, a multi-technology, global organization, serving the thermal processing industry, is pleased to announce the addition of Clinton Machine of Ovid, MI to the Inductotherm Group family.



“Clinton Machine brings with it years of experience in material handling equipment specifically in the bar, tube, heat treating, and other production machinery areas. “ said Gary Doyon, President/CEO of the Inductotherm Group. “We are excited with this expansion of the Inductotherm Group.” “Adding the specialized capabilities of Clinton Machine will provide additional value to our current clients and help the corporation to expand into new market ...

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Delco Wire and Cable Acquired by IEWC...

by wirelinks on 12/19/2012 - 06:29 pm
Tag: Acquisitions

IEWC Canada, a global distributor of wire, cable and wire management products has finalized an asset sale agreement to acquire its competitor Delco Wire and Cable Ltd., Concord ON. Founded in 1974, Delco is a UL and CSA certified stocking distributor of wire, cable and provider of specialty services.



Delco Wire emerged as one of the industry leaders in the development and marketing of high-end digital audio and video cable. With a diverse group of product specialists and locations in Toronto, Tampa and Calgary, Delco has provided a consistently high level of service and reliable products to its customers for more than 38 years. Delco's Roger Caynor will join IEWC as vice-pre ...

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Carlisle to Acquire Thermax-Raydex Mi...

by wirelinks on 12/05/2012 - 03:48 am
Tags: Acquisitions, Press Release

Carlisle Companies Inc. will acquire Thermax–Raydex, a unit of Belden Inc. of St. Louis and a global supplier of high-performance hook-up, data, and coaxial wire and cable for mission-critical applications in commercial aerospaceand defense.



Carlisle will purchase the assets of Thermax and the stock of Raydex/CDT Limited, a wholly-owned subsidiary of Belden, for $265 million. The transaction, subject to customary closing conditions, is expected to close by the end of the year. The acquisition is expected to be accretive to Carlisle in the first year.


Thermax-Raydex achieves annual sales of approximately $112 million, and boasts manufacturing facilit ...

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Prysmian Completes The Acquisition of...

by wirelinks on 11/23/2012 - 07:26 pm
Tags: Acquisitions, Press Release

The Prysmian Group announces that, further to the satisfaction of the conditions precedent provided in the sale and purchase agreement entered this fall, the acquisition of the entire share capital of Global Marine Systems Energy Limited has been completed.



GME is active in the installation of submarine power cables and systems. With estimated turnover of approximately €75 million in 2012, GME has a new cable-laying ship among its strategic assets and offers high value-added services for the installation of submarine power connections, ranging from project management, to cable laying, jointing and protection. GME has particular expertise in offshore wind farm connectio ...

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General Cable Corporation Completes t...

by wirelinks on 11/03/2012 - 01:45 am
Tags: Acquisitions, Press Release

General Cable Corporation, the “Company,” announced that it has completed the acquisition of Prestolite Wire LLC (Prestolite).  A well-established, privately-owned manufacturer, Prestolite, through its two manufacturing facilities in the United States and Mexico, offers a broad range of wire and cable products and harnesses serving predominately transportation Original Equipment Manufacturers (OEMs), Tier One Suppliers, and OEM distribution customers. 



Prestolite's products offer a wide variety of flexibility, abrasion resistance and environmental friendly performance, as well as set the industry standard with regard to high temperature insulation appl ...

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Old Wheeling-Pitt Steel Plant Bought ...

by wirelinks on 10/14/2012 - 05:32 pm
Tags: Acquisitions, Press Release

A company well known in the Ohio Valley has bought the former Wheeling-Pittsburgh steel plant in Yorkville, Ohio, out of bankruptcy and plans a restart in January.



The Pittsburgh Post-Gazette says Esmark completed the $6.3 million transaction this past week. It includes 50 percent interest in Ohio Coatings Co.  CEO James Bouchard says he'll hire 160 workers who will be covered by a four-year United Steelworkers contract.



The plant was owned by now-bankrupt RG Steel.  RG formed last year when Wheeling-Pitt's former operations were combined with Bethlehem Steel's former Sparrows Point mill in Baltimore, and the former WCI Steel plant in Warren, ...

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Nova Capital Management acquires Coas...

by wirelinks on 10/02/2012 - 02:12 pm
Tags: Acquisitions, Press Release

Nova Capital Management Ltd ("Nova") the specialist acquirer of corporate and private equity portfolios is pleased to announce that it has completed the acquisition of five industrial businesses in the USA. The acquired businesses comprised all of the operating subsidiaries of Latshaw Enterprises, Inc., a US based industrial group.



Equity financing for the acquisition was provided by a syndicate comprising Nova Capital Management and Caledonia Investments plc ("Caledonia"), an investment company quoted on the London Stock Exchange. GSO Capital Partners (part of the Blackstone Group) and PNC Bank provided the debt financing.



The five acquired businesses have ...

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General Cable Corporation Completes t...

by wirelinks on 09/05/2012 - 04:32 pm
Tags: Acquisitions, Press Release

General Cable Corporation announced it has completed the acquisition of the North American portion of Alcan Cable for $151 million, subject to customary adjustments primarily related to working capital levels at closing. The North American portion of Alcan Cable represents approximately 85% to 90% of overall revenues of Alcan Cable. As anticipated in the purchase agreement, the Company expects to complete the acquisition of the business operating in China for $34 million in a separate and subsequent closing before the end of 2012, subject to receipt of regulatory approval and customary closing adjustments.


The Company estimates that the overall Alcan Cable business will contribu ...

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WireCo acquires Dutch rope manufactur...

by wirelinks on 07/18/2012 - 07:51 pm
Tags: Acquisitions, Press Release

WireCo WorldGroup Inc. said it has acquired a Netherlands-based maker of synthetic ropes, the Kansas City-based company’s third acquisition in the industry in four years.



The $177 million deal folds Royal Lankhorst Euronete Group B.V. into WireCo’s synthetic rope business, which it buoyed with a 2009 purchase of Phillystran Inc. and 2011 purchase of Grupo Oliveira Sa. WireCo’s announcement said the purchase completes its plans to gain a significant role in synthetics.



Lankhorst makes synthetic ropes, industrial yarns, netting, yachting products and recycled plastic products, the announcement said. WireCo already is a leading maker of wire ...

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