wiredinUSA June 2012

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wiredInUSA - June 2012
General Cable is to buy the wire and cable
business Alcan Cable from Rio Tinto PLC,
for $185 million in cash.
Subject to regulatory approval, the deal is
expected to close in the second half of 2012.
Alcan Cable, based in Atlanta, employs
around 1,050 people in its aluminum cable
manufacturing and distribution facilities servicing
the energy and construction markets in the US,
Canada, Mexico, and China.
General Cable said the acquisition will contribute
between $650 million and $700 million in annual
revenue at current metal prices.
Highland Heights-based General Cable
manufacturers copper, aluminum and fiber
optic wire and cable products for the energy,
industrial, specialty, construction and
communications markets.
General
Cable to buy
Alcan Cable
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