HIGHLAND HEIGHTS, Ky., Mar 01, 2010 (BUSINESS WIRE) -- General Cable Corporation (NYSE: BGC), a global leader in ignition wire
harness technology, reported today that it has acquired Beru SAS, a
wholly-owned subsidiary of BorgWarner France SAS, located in La Ferte
Mace, France. The business will operate as General Cable Automotive
Europe (GCAE) going forward. GCAE is a premier manufacturer of ignition
wire harnesses sold into the European automotive OEM market as well as
the aftermarket.
Roger Roundhouse, Senior Vice President and General Manager, Specialty
Wire Harnesses said, "The GCAE acquisition is an important step in the
globalization of our ignition wire harness business and supports the
strategy to participate in the increasingly homogenous global market for
these products. Our wire harness business now has operations in the
United States, Mexico and France. From these locations, the Company is
participating in a significant portion of the global automotive market
for ignition wire harnesses. In its first year of operations we expect
this business to report in excess of $20 million in revenues. This
acquisition is important in satisfying multi-national customers who see
value in having global partners support their business in the ignition
wire harness category."
General Cable (NYSE:BGC), a Fortune 500 Company, is a global leader in
the development, design, manufacture, marketing and distribution of
copper, aluminum and fiber optic wire and cable products for the energy,
industrial, specialty and communications markets. For more information
about General Cable, visit our website at www.generalcable.com.
Certain statements in this press release, including without
limitation, statements regarding future financial results and
performance, plans and objectives, capital expenditures and the
Company's or management's beliefs, expectations or opinions, are
forward-looking statements. Actual results may differ materially from
those statements as a result of factors, risks and uncertainties over
which the Company has no control. Such factors, risks, and uncertainties
are more fully discussed in the Company's Report on Form 10-K, as
amended, originally filed with the Securities and Exchange Commission on
March 1, 2010, as well as periodic reports filed with the Commission.
SOURCE: General Cable Corporation
General Cable Corporation
Michael P. Dickerson,Vice President of Finance and Investor Relations, 859-572-8684
