wiredinUSA June 2012

INDEX

General Cable to buy Alcan Cable

General Cable is to buy the wire and cable business Alcan Cable from Rio Tinto PLC, for $185 million in cash. Subject to regulatory approval, the deal is expected to close in the second half of 2012. Alcan Cable, based in Atlanta, employs around 1,050 people in its aluminum cable manufacturing and distribution facilities servicing the energy and construction markets in the US, Canada, Mexico, and China. General Cable said the acquisition will contribute between $650 million and $700 million in annual revenue at current metal prices. Cable manufacturers copper, aluminum and fiber optic wire and cable products for the energy, industrial, specialty, construction and communications markets. Highland Heights-based General

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wiredInUSA - June 2012

wiredInUSA - June 2012

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