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TCP reports 2 industry acquisitions

TPC Wire & Cable Corp. (TPC), a business of Audax Private Equity, announced that it has completed the acquisitions of Cicoil LLC and Pittsburgh Wire & Cable.

A press release said that the addition of Cicoil, which makes flat cable and flat and round cable assemblies for sectors such as medical and defense, will help TPC expand its market reach and strengthen its portfolio of specialized wire and cable solutions. "We continue to execute our strategy of combining above market organic growth with acquisitions that diversify our product and service capabilities as well as the end markets we serve," said TPC President & CEO Jeff Crane.

In a separate release, TPC reported that it had acquired Pittsburgh Wire & Cable (PWC). Founded in 1992, PWC is a stocking distributor of industrial and commercial wire, cable and accessories that was described as having "an extensive inventory, strong industry partnerships and a rigorous quality management system."

Read 1401 times Last modified on October 30, 2019