TPC Wire and Cable Corp. completed its acquisition of Milrail Inc., a move that TPC said strengthens its position in the high-performance wire and cable market and expands Milrail's presence in the U.S. and Mexico.
Details of the acquisition were not disclosed.
Point-Claire, Quebec-based Milrail, which supplies the rail, transit and military markets with wire, cable and interconnect devices, has been serving Canadian customers for 28 years. In that time, the company has seen a change in its customers' expectations, according to President and Co-founder Allan LaPlante.
"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."
Jeff Crane, TPC president and CEO, acknowledged that TPC is focused on establishing the Milrail products in the U.S. and Mexico markets.
"TPC and Milrail share an approach of using high quality, innovative solutions to solve complex customer problems," Crane said in a statement. "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."
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.
Founded in 1979, TPC is a provider of high-performance wire, cable, connectors, assemblies and accessories, and specializes in products that are designed for harsh environments. It serves a variety of industries, including automotive, transportation, food and beverage, and oil and gas.