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Search results in tag Acquisitions

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Found 115 records | Page 1 of 12

Corning Expands Fiber Optic Business ...

by wireworld on 12/13/2017 - 04:18 am
Tags: Acquisitions, Press Releases

Corning Inc. will spend $900 million to buy a 3M unit, a move to complement and expand its offerings to the fiber optic market.  The company announced it is acquiring the Austin, Texas-based 3M Communications Markets unit.

Corning's takeover will add about $400 million in sales to Corning's revenues and 7 cents to 9 cents per share in annual earnings by 2019, the company said in a statement accompanying the announcement.

“This transaction expands both our global market reach and our high-bandwidth portfolio," said Clark S. Kinlin, executive vice president, Corning Optical Communications. "It also provides new co-innovation opportunities and enhances our abili ...

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Coats Takes Over Patrick Yarn Mill

by wireworld on 12/11/2017 - 10:45 am
Tag: Acquisitions

Coats Group has acquired Patrick Yarn Mill, a manufacturer of high-performance engineered yarns based in North Carolina. The initial consideration is US$21m, with further payments of up to US$4m over a three year period to 2020, contingent on Patrick Yarn Mill achieving certain performance targets. Coats said the acquisition would be funded from operating cash flows and existing debt facilities. Patrick Yarn Mill specialises in cut-resistant and flame retardant yarns. It also produces yarns from recycled fibres marketed under its earthspun trademarks and with its large solar installation promotes its earth friendly yarns as 'Spun by the Sun'.

Prysmian's New Challenge: The Group W...

by wireworld on 12/05/2017 - 04:51 pm
Tag: Acquisitions

Prysmian Group and General Cable Corporation have announced that they have entered into a definitive merger agreement under which Prysmian will acquire General Cable for $30.00 per share in cash. The transaction values General Cable at approximately $3 billion, including debt and certain other General Cable liabilities, and represents a premium of approximately 81% to the General Cable closing price of $16.55 per share on July 14, 2017, the last day of trading before General Cable announced its review of strategic alternatives.

The transaction, which has been unanimously approved by each company’s Board of Directors and recommended to its shareholders by General Cable’s Board of ...

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HUBER+SUHNER Strengthens Technologica...

by wireworld on 11/26/2017 - 04:18 pm
Tag: Acquisitions

Herisau AR – Huber+Suhner is acquiring Inwave Elektronik AG in Reute in the canton of Appenzell Ausserrhoden. The acquisition will allow the electrical engineering company to strengthen its expertise in the radio frequency systems business.

According to a statement from Huber+Suhner, Inwave Elektronik AG specializes in microwave and RF-over-fibre solutions. The latter is the conversion of radio frequency to analogue fibre optic signals and vice versa, which are often used in GPS solutions. Huber+Suhner explains that the acquisition is “specifically to strengthen its expertise in the radio frequency systems business”.

Inwave Elektronik AG is an owner-managed co ...

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British Steel Completes Dutch Wire Ro...

by wireworld on 11/02/2017 - 11:15 am
Tag: Acquisitions

UK integrated long products’ steelmaker British Steel has completed the purchase of Dutch wire rod producer FNsteel, thereby expanding its wire rod range to new specifications.

“This acquisition not only expands our international footprint, it complements our current operations – enabling us to increase our product portfolio and offer a higher technical specification of rod to our customers,” British Steel chief executive Peter Bernscher says. “We’re looking forward to working in partnership with the FNsteel team to deliver the high quality wire rod our customers, current and new, rightly expect.”

FNsteel employs nearly 300 people in Alblasserdam, ...

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Southwire Announces Acquisition of DC...

by wireworld on 10/19/2017 - 09:22 am
Tag: Acquisitions

Southwire Company, LLC announces the acquisition of DCN Cables of Youngsville, North Carolina - an industry leader in manufacturing power whips for mission critical facilities.

"DCN Cables, with their unparalleled service and delivery, is a perfect bolt-on for our already strong assembled electrical products business," said Brandon Moss, Southwire's president of Tools and Assembled Products. "Southwire continues to actively engage our end-users in order to provide the solutions they require and support Southwire's commitment to Accelerate Growth. DCN fits that strategy because from quote to installation, DCN provides engineered solutions with excellent responsiveness and delivery."

Through ...

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M. Holland to Acquire Wire & Cable Di...

by wireworld on 10/05/2017 - 11:06 am
Tag: Acquisitions

Resin distributor M. Holland Company announced it has signed a letter of intent to acquire T&T Marketing, a leading distributor of polymer resins and compounds to the wire and cable market. Headquartered in Andover, Massachusetts, T&T has annual revenues of about $40 million and distributes throughout the United States and Canada.

“We identified wire and cable as an attractive market segment, but lacked the technical expertise and product portfolio to effectively compete,” said Marc Fern, M. Holland commercial vice president. “T&T is extraordinarily strong in both, making it a perfect complement to our Business Development Group.” M. Holland formed its B ...

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Davis-Standard Completes Maillefer Ac...

by wireworld on 09/16/2017 - 08:21 pm
Tag: Acquisitions

Davis-Standard, LLC announced today that it has closed its acquisition of Maillefer International Oy of Vantaa, Finland and Ecublens, Switzerland. Maillefer is the global leader in wire, cable, pipe and tube production technologies.

“We are proud to welcome the entire Maillefer team to the Davis-Standard family, together we become the market leading global extrusion systems and services provider to a world-class customer base,” said Jim Murphy, Davis-Standard President and CEO. “It is an exceptional opportunity to team up with an organization that shares our values and commitment to providing superior customer solutions.”

“This is a historic day for all Mail ...

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TPC Wire & Cable Acquires ElectraCord

by wireworld on 09/12/2017 - 07:00 pm
Tag: Acquisitions

TPC Wire & Cable Corp. (TPC) announced that on Sept. 1, it completed the acquisition of ElectraCord, Inc. Located in Massillon, OH, ElectraCord is a manufacturer of custom-molded cable assemblies, power cords, and cord sets for original equipment manufacturers serving a variety of end markets.

In making the announcement, TPC president & CEO Jeff Crane explained, “The acquisition provides unique fabrication and manufacturing capabilities that will help us expand our product and service offering to OEM customers in key regions of the country. We have been honored to work with ElectraCord’s President and owner, Randy Hutsell, throughout this process. His company’s str ...

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JSW Steel In Talks With Cevital To Ac...

by wireworld on 08/29/2017 - 09:45 am
Tag: Acquisitions

Sajjan Jindal-owned JSW Steel is in talks with Algeria's Cevital Group to acquire its Aferpi steel mill in Italy for USD 100 million, a source reported. The private steel maker had earlier tried to acquire the mill in 2014, when it was known as Lucchini. The Algerian conglomerate Cevital however acquired Lucchini and renamed the it Acciaierie e Ferriere di Piombino (Aferpi).

JSW Steel is in talks with Cevital Group to acquire Aferpi, an industry source confirmed.   JSW Steel may offer a financial consideration of USD 100 million (about Rs 639 crore) to Cevital Group to acquire the mill, the source said.

JSW Steel is planning to increase its manufacturing capacity to 40-45 mill ...

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