HIGHLAND HEIGHTS, Ky., Apr 12, 2012 (BUSINESS WIRE) --General Cable Corporation (NYSE: BGC), a global leader in ignition wire
harness technology, reported that it has acquired Delphia Produtos
Eletricos Ltda. ("Delphia"), located in São Bernardo do Campo, São Paulo
State, Brazil. The business will continue to operate as Delphia under
the umbrella of General Cable Automotiva Brasil.
Delphia is a leading manufacturer of automotive ignition wire harnesses
sold into the Brazilian market. The business reported revenues of
approximately $20 million USD in 2011.
"The Delphia acquisition is another important step in the globalization
of our ignition wire harness business," said Roger Roundhouse, Senior
Vice President and General Manager, Specialty Wire Harnesses, General
Cable. "This acquisition, coupled with our existing operations in the
United States, Mexico and Europe, is a key enabler in our ability to
support the global needs of our multi-national customers. In addition,
the acquisition enables General Cable to apply our commercial, technical
and operational expertise in this increasingly global market."
Gregory B. Kenny, President and Chief Executive Officer of General
Cable, said, "Over the past several years, through our expansion
strategy and continuous improvement culture we have enhanced our service
capabilities in a wide range of transportation and industrial
applications for original equipment manufacturers, suppliers and
distributors. We are well positioned to further enhance the value
proposition to our global customers having achieved another important
milestone with the acquisition of Delphia in this significant market in
South America."
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, construction and communications
markets. For more information about General Cable products,
please contact your local sales representative or visit our Web site 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 Annual Report on Form 10-K for
the fiscal year ending December 31, 2011, filed with the Securities and
Exchange Commission on February 23, 2012 and subsequent SEC filings. You
are cautioned not to place undue reliance on these forward looking
statements.
SOURCE: General Cable Corporation
General Cable Corporation
Len Texter, Manager, Investor Relations,
859-572-8684
