Latest from Mergers & Acquisitions

Sponsored

Merger mania marches on

July 1, 2003
Anicom, Inc., Rosemont, Ill., has signed a letter of intent to buy Superior Cable & Supply, Inc., Tulsa, Okla., in its 15th acquisitions since July 1995.

Anicom, Inc., Rosemont, Ill., has signed a letter of intent to buy Superior Cable & Supply, Inc., Tulsa, Okla., in its 15th acquisitions since July 1995. Superior Cable distributes multimedia wiring products and posted sales of $5.5 million in 1997 through seven locations in Arkansas, Kansas, Louisiana, Oklahoma and Texas.

Billows Electric Supply Co., Philadelphia, Pa., purchased Franklin Electric Co., Atlantic City, N.J., with six locations, for an undisclosed amount of money. Billows is the 78th-largest electrical distributor in the country, with seven locations and 215 employees going into the deal. Franklin Electric, with seven locations and 65 employees, is 233rd.

Cooper Electric Supply Co., Tinton Falls, N.J., acquired certain assets of Gamarel Electrical Supply Co., Irvington, N.J. The sale does not include Gampak Products Corp., Hillside, N.J., a related company that packages electrical products in blister packs for home centers and hardware stores.

Genuine Parts Co., Atlanta, Ga., best known for its original business, the NAPA Auto Parts Stores chain, will acquire electrical and electronics distributor EIS, Inc., also of Atlanta. A Genuine Parts spokesperson said his company will use EIS as a platform to acquire more electronics distributors. EIS, formerly Electrical Insulation Suppliers, is the 11th-largest distributor of electrical products in the U.S. based on 1997 sales. The company is expected to reach $500 million in total sales in 1998.

Platt Electric Supply, Beaverton, Ore., purchased 10-employee ESCO Electric Supply of Bend, Ore. ESCO Electric Supply has served central and eastern Oregon since 1983.

About the Author

Doug Chandler | Senior Staff Writer

Doug has been reporting and writing on the electrical industry for Electrical Wholesaling and Electrical Marketing since 1992 and still finds the industry’s evolution and the characters who inhabit its companies endlessly fascinating. That was true even before e-commerce, LED lighting and distributed generation began to disrupt so many of the electrical industry’s traditional practices.

Doug earned a BA in English Literature from the University of Kansas after spending a few years in KU’s William Allen White School of Journalism, then deciding he absolutely did not want to be a journalist. In the company of his wife, two kids, two dogs and two cats, he spends a lot of time in the garden and the kitchen – growing food, cooking, brewing beer – and helping to run the family coffee shop.

Sponsored Recommendations