TPC Wire and Cable Acquires Cicoil
MACEDONIA, OH--TPC Wire & Cable Corp. (TPC), a supplier of wire, cable and connectors used in harsh environments, has acquired Cicoil LLC., a leading manufacturer of flat cable and cable assemblies. Based in Valencia, CA, Cicoil’s technology is widely used in mission-critical applications within industries such aerospace and medical device manufacturing. , Howard Lind
“This acquisition allows [us] to expand [our] market reach and strengthen [our] portfolio of specialized wire and cable solutions to sophisticated, high-cost-of-failure environments,” says Jeff Crane, president and CEO of TPC. “We continue to execute our strategy of combining above market organic growth with acquisitions that diversify our product and service capabilities, as well as the end markets we serve.
“We couldn’t be happier to welcome Cicoil and all of their associates to the TPC family,” explains Crane. “Their deep technical expertise and commitment to R&D, combined with our commitment to solving customer problems, will enable us to build on the success both companies have enjoyed. We are confident that this acquisition will better position both TPC and Cicoil to capture significant opportunities today and into the future.”
“Cicoil is very excited to become part of TPC Wire & Cable, as together we have significant capabilities that will allow us to expand our product and service offering and strengthen our market presence,” adds Howard Lind, president and CEO of Cicoil. “We have been manufacturing mission-critical cables and cable assemblies since 1956, and the entire Cicoil team is committed to growing the company’s legacy with the TPC team.”
TPC also recently acquired Pittsburgh Wire and Cable Inc., a distributor of electrical connectivity products used in mining and railroading applications.