TPC Wire and Cable Corp. reports that it has completed its acquisition of Canada’s Milrail, Inc., a deal that it said strengthens its position in the high-performance wire and cable market and expands Milrail’s presence in the U.S. and Mexico.
A press release said that Milrail, based in Point-Claire, Quebec, was founded in 1990, and supplies the rail, transit and military markets with wire, cable and interconnect devices. Milrail President Allan LaPlante said that being part of TPC will allow even better service to be provided.
“We’ve seen a shift in our customer’s thinking, a desire to work with larger companies with an extended reach,” LaPlante said in a statement. “Combining Milrail’s exceptional customer service and technical support with TPC’s broader commercial capabilities, allows our two companies to carry this torch into the future and throughout North America in the wire, cable and connectivity market.”
TPC President and CEO Jeff Crane said that TPC is focused on establishing the Milrail products in the U.S. and Mexican markets. “We are excited and committed to expand Milrail’s product and service reach, delivering their great tradition of quality to even more customers throughout North America,” he said in a statement.
This marks the second acquisition that TPC has made in the last two years. In September 2017, the company purchased Massillon, Ohio-based Electa Cord, a maker of of custom-molded cable assemblies, power cords, and cord sets for original equipment manufacturers.