Coleman Cable Inc. Announces New Distribution Facility
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WAUKEGAN, Ill. - January 28, 2008 - Coleman Cable, Inc. (Nasdaq: CCIX) a leading manufacturer and innovator of electrical and electronic wire and cable products, announced today plans to expand its distribution capabilities by securing a new 500,000 square foot distribution center in Pleasant Prairie, Wis. The leased facility is located on approximately 28 acres of land and contains approximately 490,000 square feet of warehouse space, 12,000 square feet of office space, and 56 exterior truck docks.
The company's plan is to have the facility in operation by April 1, 2008. In addition to providing added capacity to accommodate the company's growth plans, the new distribution facility will allow consolidation of existing distribution facilities currently located in Indianapolis, Ind., Gurnee, Ill., and Waukegan, Ill.
Gary Yetman, president and CEO, said, "The Pleasant Prairie location is needed in order to meet growing demands due to the company's increasing sales and continued growth. This will mark another important milestone for Coleman and should enable us to be more efficient in our distribution operations, to take advantage of recent developments in supply chain systems, and, ultimately and most importantly, to better serve our customers. At the same time, the Pleasant Prairie location will allow the company to consolidate distribution facilities and reduce costs, while simultaneously establishing a platform to continue our track record of providing first-in-class logistics, delivery, and customer service."
The transition of the centers in Indianapolis, Ind., Gurnee, Ill., and Waukegan, Ill. will take place over the next several months and is expected to be transparent for customers of Coleman.
About Coleman Cable Inc.
Coleman Cable, Inc. is a leading manufacturer and innovator of electrical and electronic wire and cable products for the security, sound, telecommunications, electrical, commercial, industrial, and automotive industries. With extensive design and production capabilities and a long-standing dedication to customer service, Coleman Cable, Inc. is the preferred choice of cable and wire users throughout the United States. The company is located at 1530 Shields Drive, Waukegan, IL 60085.
For more information, visit: www.colemancable.com.
