HIGHLAND HEIGHTS, Ky--General Cable Corporation (NYSE:BGC) a leading global supplier of wire and cable products for the energy, specialty, industrial, and communications markets, announced today that it has acquired Beru S.A. de C.V. (Beru) based in Cuernavaca, Mexico. Beru operates an automotive aftermarket assembly and distribution operation with annual revenues of approximately $7 million per year.
"The acquisition of Beru is part of our ongoing strategy to support our customers' planned growth initiatives in the expanding Mexican automotive aftermarket. Beru brings to General Cable a profitable, low cost assembly operation and available capacity to support this growth," said Roger Roundhouse, Vice President and General Manager of General Cable's Wire Harness and Assembly business. "We look forward to working closely with our new associates at the Cuernavaca facility to further enhance the profitability and regional growth of this business through the application of our industry leading assembly processes and the leveraging of our world class lean manufacturing capabilities," he concluded.
General Cable (NYSE:BGC), headquartered in Highland Heights, Kentucky, is a leader in the development, design, manufacture, marketing and distribution of copper, aluminum and fiber optic wire and cable products for the energy, industrial, specialty and communications markets. Visit our website at www.GeneralCable.com.
BERU S.A. de C.V. is a wholly owned subsidiary of BERU AG, a publicly listed company since October 1997. BERU AG, headquartered in Ludwigsburg, Germany, is the worldwide leading manufacturer of diesel cold start systems and is one of four leading manufacturers of ignition technology for petrol engines in Europe.
Certain statements in this press release, including without limitation, statements regarding future financial results and performance, plans and objectives, capital expenditures, and the Company's or management's beliefs, expectations or opinions, are forward-looking statements. Actual results may differ materially from those statements as a result of factors, risks and uncertainties over which the Company has no control. Such risk factors are discussed in the Company's Report on Form 10-K filed with the Securities and Exchange Commission on March 30, 2005, as well as in periodic reports filed with the Commission.
General Cable Corporation
Michael P. Dickerson, 859-572-8684