Member access

4-Traders Homepage  >  Shares  >  Nyse  >  General Cable Corporation    BGC   US3693001089

SummaryQuotesChart AnalysisNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector news 

General Cable Corporation : General Cable Expands Its Transportation & Industrial Harnesses Business into South America

04/12/2012 | 04:20pm US/Eastern

General Cable Corporation (NYSE: BGC), a global leader in ignition wire harness technology, reported that it has acquired Delphia Produtos Eletricos Ltda. ("Delphia"), located in São Bernardo do Campo, São Paulo State, Brazil. The business will continue to operate as Delphia under the umbrella of General Cable Automotiva Brasil.

Delphia is a leading manufacturer of automotive ignition wire harnesses sold into the Brazilian market. The business reported revenues of approximately $20 million USD in 2011.

"The Delphia acquisition is another important step in the globalization of our ignition wire harness business," said Roger Roundhouse, Senior Vice President and General Manager, Specialty Wire Harnesses, General Cable. "This acquisition, coupled with our existing operations in the United States, Mexico and Europe, is a key enabler in our ability to support the global needs of our multi-national customers. In addition, the acquisition enables General Cable to apply our commercial, technical and operational expertise in this increasingly global market."

Gregory B. Kenny, President and Chief Executive Officer of General Cable, said, "Over the past several years, through our expansion strategy and continuous improvement culture we have enhanced our service capabilities in a wide range of transportation and industrial applications for original equipment manufacturers, suppliers and distributors. We are well positioned to further enhance the value proposition to our global customers having achieved another important milestone with the acquisition of Delphia in this significant market in South America."

General Cable (NYSE:BGC), a Fortune 500 Company, is a global leader in the development, design, manufacture, marketing and distribution of copper, aluminum and fiber optic wire and cable products for the energy, industrial, specialty, construction and communications markets. For more information about General Cable products, please contact your local sales representative or visit our Web site at

Certain statements in this press release, including without limitation, statements regarding future financial results and performance, plans and objectives, capital expenditures and the Company's or management's beliefs, expectations or opinions, are forward-looking statements. Actual results may differ materially from those statements as a result of factors, risks and uncertainties over which the Company has no control. Such factors, risks and uncertainties are more fully discussed in the Company's Annual Report on Form 10-K for the fiscal year ending December 31, 2011, filed with the Securities and Exchange Commission on February 23, 2012 and subsequent SEC filings. You are cautioned not to place undue reliance on these forward looking statements.

General Cable Corporation
Len Texter, Manager, Investor Relations, 859-572-8684

© Business Wire 2012
React to this article
12/09 GENERAL CABLE : Declares Dividend
12/01 GENERAL CABLE : SHAREHOLDER ALERT: The Law Firm of Levi & Korsinsky, LLP Launche..
11/30 GENERAL CABLE : Opts for InfinityQS ProFicient
11/20 GENERAL CABLE : uses InfinityQS ProFicient to improve supply chain-wide visibili..
11/20 GENERAL CABLE : Uses InfinityQS ProFicient to Improve Supply Chain Wide Visibili..
11/19 GENERAL CABLE : Panduit and General Cable to Introduce PanGen® Industrial Automa..
11/18 GENERAL CABLE : Panduit and General Cable to Debut PanGen Industrial Automation ..
11/14 GENERAL CABLE : Panduit and General Cable to Introduce PanGen Industrial Automat..
11/13 GENERAL CABLE : Panduit and General Cable to Introduce PanGen® Industrial Automa..
11/06 GENERAL CABLE CORPORATION : ex-dividend day
Duration : Period :
General Cable Corporation Technical Analysis Chart | BGC | US3693001089 | 4-Traders
Income Statement Evolution
More Financials
Dynamic quotes