EIS Inc. Atlanta, a wholly-owned subsidiary of Genuine Parts Company (NYSE: GPC), has acquired the stock of Cobra Wire & Cable Inc. from Merit Capital Partners and Fulton Capital. Cobra has a headquarters and distribution facility in Hatboro, Pa., and additional distribution locations in Plano, Texas, and Seattle. Cobra serves the telecom, battery, uninterruptible power supply (UPS) and marine markets.
Bob Thomas, president and CEO of EIS, said in a press release, “This acquisition is consistent with our strategy to grow our current specialty wire and cable business into targeted adjacent markets. Cobra will operate as a separate division of EIS and continue operations with all existing customers and suppliers from their current facilities.”
Peter Sheehan, Cobra Wire and Cable's president, will lead the new EIS Wire and Cable Division. EIS is a national distributor of process materials; production supplies and value added fabricated parts. In addition to wire and cable, EIS focuses on the electrical OEM, apparatus repair and various assembly markets. EIS supplies more than 100,000 critical products from 38 branches and three fabrication facilities located in North America.
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Jim Lucy Blog
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Jim Lucy has been wandering through the electrical market for more than 30 years, most of the time as an editor for Electrical Wholesaling, Electrical Marketing newsletter and CEE News. During that time he and the editorial team for the publications have won numerous national awards for their coverage of the electrical business. He showed an early interest in electricity, when as a youth he had an idea for a hot dog cooker. Unfortunately, the first crude prototype malfunctioned and the arc nearly blew him out of his parents' basement. Before becoming an editor for Electrical Wholesaling magazine and Electrical Marketing, he earned a BA degree in journalism and a MA in communications from Glassboro State College, Glassboro, NJ., which is formerly best known as the site of the 1967 summit meeting between President Lyndon Johnson and Russian Premier Aleksei Nikolayevich Kosygin, and now best known as the New Jersey state college that changed its name in 1992 to Rowan University because of a generous $100 million donation by N.J. zillionaire industrialist Henry Rowan. Jim is a Brooklyn-born Jersey Guy happily transplanted in the fertile plains of Kansas for the past 20 years.