HWC Announces Plans to Acquire Southwest Wire Rope and Southern Wire from Teleflex

Houston Wire & Cable Co., (HWC)Houston, has entered into a definitive agreement to acquire Southwest Wire Rope LP and Southern Wire, LLC from Teleflex Inc., Limerick, Pa. Under the terms of the agreement, the purchase price for the acquisition of both companies is $50 million, subject to an adjustment based on the net working capital of the acquired companies as of the closing date.

Southwest Wire Rope LP and Southern Wire manufacture customized heavy-duty wire rope, wire and synt

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