Coleman Cable Acquired By Southwire

Southwire company and coleman cable inc.

Coleman cable acquired by southwire. The transaction which values coleman at approximately 786 million including the assumption of 294 million in net debt was unanimously. Welcome to coleman cables and wires. Southwire said it expects to maintain a significant presence in waukegan. This is southwire co s 2nd transaction in the manufacturing sector.

Carrollton ga and waukegan il southwire company southwire and coleman cable inc. Southwire to acquire coleman cable coleman cable stockholders to receive 26 25 per share in cash. The company was founded on the principles of developing local industries. For 26 25 in cash a share a premium of about 16 6 percent to its price oct.

Southwire acquired coleman cable the largest acquisition in the company s history. For 26 25 per share in cash. Coleman announced that the companies have entered into a definitive merger agreement under which southwire will acquire coleman for 26 25 per share in cash. Have entered into a merger agreement under which southwire will acquire coleman for us 26 25 per share.

29 the last trading day before media. This is southwire co s 1st transaction in illinois. Acquired manufacturing company coleman cable llc acquisition highlights. Until this product and branding integration is complete inventory may be available with either company name.

Through this blending of companies southwire added new people facilities and products and extended its reach into existing markets. 2013 launched electrican s tools line. After the deal closes coleman s management team will join southwire. Coleman technical industries limited coleman was incorporated on the 1 st of july 1975 and started production in 1996 with the principal operation of manufacturing of electrical wires and cables that meet international standards for oil industries commercial and residential.

Today announced that cubs acquisition corporation a wholly owned subsidiary of southwire successfully completed its previously announced tender offer for all outstanding shares of common stock of coleman cable inc. Southwire company and coleman cable inc. Since the acquisition southwire is integrating the coleman product offering under a unified product branding effort. This is southwire co s 3rd transaction in the united states.

Transaction valued at approximately 786 million. In february 2014 southwire company llc acquired coleman cable llc. The cash transaction which values coleman at approximately us 786 million including the assumption of us 294 million in net debt was unanimously approved by the coleman board of directors.