TPC Wire & Cable Corp. (TPC), Macedonia, Ohio, announced today that on September 1, it completed the acquisition of Electra Cord Inc., 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.”
TPC Wire & Cable Corp.
www.tpcwire.com
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