General Cable Corporation
) expanded its reach in the Brazilian market with the acquisition
of Delphia Produtos Eletricos Ltda. in São Bernardo do Campo, São
Paulo State, Brazil. Delphia is engaged in the manufacture of
automotive ignition wire harnesses.
The Delphia business will be part of General Cable Automotiva
Brasil. Delphia generated revenues of $20 million in 2011.
The acquisition will help General Cable to expand its ignition
wire harness business globally. The company currently operates in
the United States, Mexico and Europe.
General Cable has expanded its service offerings, particularly
in transportation and industrial applications, for its customers
including original equipment manufacturers, suppliers and
distributors. The addition of Delphia marks the company's entry
into the lucrative South American market.
The markets for all of General Cable's products are highly
competitive. Though the extent of competition varies from one
product niche to another, the principal factors influencing
competition are generally price, quality, breadth of product line,
inventory availability, and delivery time and customer service.
General Cable's recent acquisitions spread worldwide will
broaden its geographical presence, reduce seasonality, and
strengthen its long-term organic growth prospects
Headquartered in Highland Heights, Kentucky, General Cable is
engaged in the development, design, manufacture, marketing and
distribution of copper, aluminum and fiber optic wire and cable
products for the energy, industrial, specialty and communications
markets. The company enjoys competitive strengths in its strong
product line, brand recognition, distribution and logistics, sales
and service, and operating efficiency.
General Cable Corporation holds a Zacks #3 Rank (short-term Hold
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