MAKING
THENEWS
wiredInUSA - September 2011
9
Russian industrial conglomerates Kaskol and
RU-COM have completed the acquisition
of all the assets of CTC Cable’s business.
The business will continue to operate from
the same location in Irvine, California and
will be operated as CTC Cable Corporation.
The company’s major focus will be on
continuing the expansion of its ACCC®
conductor sales to customers throughout
the world.
Commenting on the acquisition, Sergey
Nedoroslev, chairman of Kaskol, stated,
“We are very pleased to acquire this
advanced conductor business, which has
developed such excellent technology
and is managed by a world-class team of
professionals.”
Mikhail Abyzov, chairman of RU-COM
Group, added, “CTC Cable’s technology
and IP portfolio are outstanding, and with
access to additional financial resources,
combined with our reach in emerging
markets throughout the world, CTC Cable’s
advanced conductor product will accelerate
its growth across all global markets. We are
committed to investing in expansion plans
as well as expanding the company’s R&D
and new product development.”
Benton Wilcoxon, former CEO of Coposite
Technology Corporation, also stated,
“This is clearly a new chapter in CTC
Cable’s growth and evolution. Kaskol’s and
RU-COM’s strength will open opportunities
for CTC Cable that it formerly did not have
as a dynamic, but undercapitalized firm.
This is an excellent fit since the new owners
understand and value complex technologies
as well as have a very solid presence
from which to focus on marketing the
performance benefits of ACCC conductor
worldwide.”
CTC Cable in Russian ownership
