Coleman Cable Acquires Copper Wire, Cable Fabricator
WAUKEGAN, Ill.
Coleman Cable Inc., manufacturer of electrical and electronic wire and cable products for the security, sound, telecommunications and electrical, commercial, industrial and automotive industries, has agreed to acquire all of the equity interests in Copperfield LLC for $213 million in cash. Management believes that the Coleman Cable-Copperfield combination will result in a premier U.S.-based manufacturer of electrical and electronic wire and cable products.
Copperfield, currently majority-owned by Spell Capital Partners, is one of the largest private fabricators and insulators of copper electrical wire and cable in the United States. It sells wire and cable products to industrial distributors and OEMs that operate in a diversified set of end markets including electrical, recreational vehicle, transportation, appliance and welding cable sectors.
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