Posted on May - 17 - 2010
Preformed Line Products Co. acquires Electropar Ltd. of New Zealand
Preformed Line Products Co. (NASDAQ: PLPC) in Cleveland said it has signed a definitive agreement to acquire Electropar Ltd., which is based in New Zealand and also operates a subsidiary in Australia.
Electropar makes pole line and substation hardware for electrical utilities. Performed Line said the acquisition will strengthen its position in the power distribution, transmission and substation hardware markets and will expand its presence in the Asia-Pacific region. Preformed Line makes cable and anchoring hardware for utilities and telecom companies.
In commenting on the acquisition, Preformed Line president and CEO Rob Ruhlman said in a statement, “We are very pleased that our strategic focus on geographic diversity has resulted in this strong addition of talent, energy and expertise to the Preformed family.”
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