Media Contact: Annie Dorsey
TPC Wire & Cable, Corp. • (216) 525-4425
FOR IMMEDIATE RELEASE
TPC Wire & Cable Corp. Acquires Electra Cord, Inc.
Acquisition positions TPC to expand assembly capabilities, increase service to OEM customers
Macedonia, Ohio – September 6, 2017 - TPC Wire & Cable Corp. (TPC) announced today that on September 1, 2017, it completed the acquisition of Electra Cord, Inc. Located in Massillon, Ohio, Electra Cord 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, 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 Electra Cord’s President and owner, Randy Hutsell, throughout this process.
“His company’s strong reputation with customers and suppliers provides a great platform for growth. As we begin to implement our growth strategies for the business, we look forward to working with Randy to best leverage our resources and capital to accelerate that growth.”
Of the transaction, Hutsell stated, “Selling a business is never an easy decision, especially when it is so close to home. Electra Cord was started by my father and has been a part of our lives for decades. Getting to know TPC, and understanding their plans for investing in and growing the business, has made the decision much easier for me. I know what we’ve built is in great hands.”
About TPC Wire & Cable Corp.
Founded in 1979, TPC is a leading supplier of high-performance wire, cable, connectors, assemblies, and accessories used in harsh industrial environments. TPC products are designed to withstand abuse from impact, abrasion, flexing, chemicals, and extreme temperatures. The company’s dependable products outlast ordinary cable in the most difficult applications to reduce downtime and overall cost. TPC serves a variety of industries including the steel, automotive, utility, transportation, food & beverage, oil & gas, and wood, pulp & paper markets. For more information, visit www.tpcwire.com.
About Electra Cord, Inc.
Electra Cord is a manufacturer of custom power cords and cord sets, based in Massilon, Ohio. Its ability to design custom solutions in consultation with customers, coupled with its unwavering commitment to quality and customer service, make it the supplier of choice for many original equipment manufacturers. For more information, visit www.electracord.net.