Industrial Cable Manufacturer Finalizes Acquisition, Looks to Grow in Latin America
11/13/2015 - U.S.-based TPC Wire & Cable Corp. has closed on its acquisition of its Mexican distributor, Enersave Wire & Cable, TPC has announced.
In a statement, TPC said the acquisition will allow it to further expand assembly services and product inventory into Mexico and will accelerate its growth in Latin America through the addition of direct sales, local distribution and cable-assembly capabilities.
TPC makes high-performance wire, cable and connectors used in harsh industrial environments, including those found in the steel industry.
“The Ortegas have done a marvelous job of growing the TPC brand in Mexico and we are looking forward to continuing their endeavors with this new partnership,” said TPC chief executive Steve Michalski.
“The acquisition allows us to increase our inventory of harsh industrial cables and accessories to better serve our customers in Mexico.”
TPC was acquired by Audax Private Equity in May 2015. Enersave is TPC’s first add-on under Audax ownership.
TPC makes high-performance wire, cable and connectors used in harsh industrial environments, including those found in the steel industry.
“The Ortegas have done a marvelous job of growing the TPC brand in Mexico and we are looking forward to continuing their endeavors with this new partnership,” said TPC chief executive Steve Michalski.
“The acquisition allows us to increase our inventory of harsh industrial cables and accessories to better serve our customers in Mexico.”
TPC was acquired by Audax Private Equity in May 2015. Enersave is TPC’s first add-on under Audax ownership.
