The Legrand Group has announced plans to buy ICM Group, Montbard, France, the marketer of Cablofil.
The acquisition is subject to approval by French regulatory agencies.
“By acquiring ICM Group and the Cablofil brand, Legrand achieves a global leadership position in the cable management systems market,” said John Selldorff, president and CEO of Legrand North America. “Strategic acquisitions, such as this one, product innovation and investment in sales and marketing drive Legrand's strong performance and growth.”
Legrand, which has annual sales of more than $4 billion, owns Wiremold/Legrand, West Hartford, Conn.; Pass & Seymour/Legrand, Syracuse, N.Y.; Watt Stopper/Legrand, Santa Clara, Calif.; Ortronics/Legrand, New London, Conn., and On-Q/Legrand, Harrisburg, Pa. In 2004, ICM Group had net sales of about $118 million.