General Cable to Buy Alcan Cable from Rio

In a move to add aluminum wire to its electrical offerings, General Cable Corp., Highland Heights, Ky., has agreed to acquire Alcan Cable, the Atlanta-based manufacturer of wire and cable owned by Rio Tinto Plc, for $185 million in cash.

Over the past century, the two companies grew up as competitors on opposite sides of the long-standing debate about copper versus aluminum wire. Copper holds about 78 percent of the U.S. market for insulated wire and cable, according to the Copper Dev

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