TPC Wire & Cable acquires Electra Cord
Acquisition results in expanded assembly capabilities and increased service to OEMs
September 11, 2017 by Manufacturing AUTOMATION
Sep. 11, 2017 – TPC Wire & Cable Corp. (TPC) has completed the acquisition of Electra Cord Inc. Located in Massillon, Ohio, Electra Cord is a manufacturer of custom-molded cable assemblies, power cords, and cord sets for OEMs in various end markets.
“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,” said TPC president and CEO Jeff Crane. “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.”
“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,” said Electra Cord president and owner, Randy Hutsell.
Founded in 1979, TPC is a supplier of high-performance wire, cable, connectors, assemblies, and accessories used in harsh industrial environments and are designed to withstand abuse from impact, abrasion, flexing, chemicals, and extreme temperatures.