General Cable Expands its Transportation & Industrial Harnesses Business into South America
HIGHLAND HEIGHTS, KENTUCKY, April 12, 2012 - General Cable Corporation (NYSE: BGC), a global leader in ignition wire harness technology, reported today that it has acquired Délphia Produtos Elétricos Ltda. ("Delphia"), located in São Bernardo do Campo, São Paulo State, Brazil. The business will continue to operate as Delphia under the umbrella of General Cable Automotiva Brasil.
Délphia is a leading manufacturer of automotive ignition wire harnesses sold into the Brazilian market. The business reported revenues of approximately $20 million USD in 2011.
"The Délphia acquisition is another important step in the globalization of our ignition wire harness business," said Roger Roundhouse, Senior Vice President and General Manager, Specialty Wire Harnesses, General Cable. "This acquisition, coupled with our existing operations in the United States, Mexico and Europe, is a key enabler in our ability to support the global needs of our multi-national customers. In addition, the acquisition enables General Cable to apply our commercial, technical and operational expertise in this increasingly global market."
Gregory B. Kenny, President and Chief Executive Officer of General Cable, said, "Over the past several years, through our expansion strategy and continuous improvement culture we have enhanced our service capabilities in a wide range of transportation and industrial applications for original equipment manufacturers, suppliers and distributors. We are well positioned to further enhance the value proposition to our global customers having achieved another important milestone with the acquisition of Délphia in this significant market in South America."
General Cable (NYSE:BGC), a Fortune 500 Company, is a global leader in the development, design, manufacture, marketing and distribution of copper, aluminum and fiber optic wire and cable products for the energy, industrial, specialty, construction and communications markets. For more information about General Cable products, please contact your local sales representative or visit our Web site at www.generalcable.com.
