5/7/2021:  Kinderhook Industries, LLC (Kinderhook) announced that it has acquired Cameron Wire & Cable, Inc., a leading distributor of commercial and industrial wire, cable and related accessories.

A press release said that Robert Cameron, who founded the company and served as president, will continue his involvement and be on the board of directors. Founded in 2010 and headquartered in Little Rock, Arkansas, Cameron Wire & Cable supplies Cameron-branded copper, aluminum and specialty wire and cable products that are sold to the renewable energy, building wire, industrial and utility end markets. It also provides value-added services that include paralleling, cutting, kitting, harness assembly and development of custom engineered products for unique applications. It serves its customers out of a strategic footprint of distribution centers spanning the continental U.S.

The release did not cite the sales price, but Kinderhook Managing Director Paul Cifelli said that Cameron is “retaining a significant minority stake.” Kinderhook will add two of its operating partners—Ed Flynn, former CEO of International Wire Group, and Craig York, CEO of Kinderhook portfolio company, Copperweld—to Cameron Wire & Cable’s management and board of directors. The two men, who have more than 40 years of collective experience in the wire and cable industry, will provide operational and strategic expertise in support of Kinderhook and management.

Partnering with Kinderhook will allow us to accelerate our growth plan in Cameron’s core and adjacent industry verticals, said Robert Cameron. “In particular, I’m very excited to pursue complementary add-on acquisitions that will help continue to grow our franchise and value-added capabilities.”

“Robert Cameron has successfully led the company to a position of industry leadership in just over a decade, and we look forward to working with him on expanding the Company’s products, services and end markets,” Cifelli said. “Cameron Wire & Cable is a valuable addition to Kinderhook’s rapidly growing wire and cable franchise, and we are excited to help facilitate the acceleration of the company’s already impressive growth.”

Founded in 2003, Kinderhook Industries, LLC, is a private investment firm that manages over $3.3 billion of committed capital. In 2019 it acquired the Copperweld Group, Inc., which last November acquired Copperhead Industries, a Minnesota-based provider of specialty tracer wire products and related equipment.

5/7/2021:  NKT reports that it has been awarded a long-term frame agreement with French Transmission System Operator, Réseau de Transport d’Electricité (RTE) to supply it high-voltage power cables.

A press release said that the agreement builds upon a decade of successful collaboration between NKT and RTE. “This new frame contract is a testament to NKT’s presence in France and a confirmation of the mutually rewarding business relationship between NKT and RTE.”
NKT will supply 25 kV high-voltage AC XLPE underground power cable systems, and install accessories such as joints and terminations. The contract covers from 2021 through 2023, with an option for one additional year, as RTE furthers its goal to renew and modernize the transmission power grid in France to support energy transition.

“We are fully committed to accelerate the sustainability journey as we are the first major power cable manufacturer to commit to the Science Based Target initiative and to become a net-zero emissions company supporting RTE in their ambition of making ‘the Greener Choice,’” said NKT President and CEO Alexander Kara.

NKT is currently supporting RTE by executing a 225 kV high-voltage retrofitting power cable project in Marseille, where old cables installed in steel pipes are being replaced with new armored extruded XLPE type cables. The power cables for both the retrofitting project and the new frame agreement are to be made at NKT’s factory in Cologne, Germany, which runs on 100% green electricity.

5/7/2021: Italy’s Elettrotek Kabel SpA (EK) announced that it has completed the acquisition of Associated Wire Products (AWP), a Canadian leader in automation cables.

Founded in 1987 with headquarters in Burlington, Ontario (Canada), AWP is specialized in providing special cables for the industries. Elettrotek Kabel Group thus continues its growth in strategic sectors such as the industrial automation. The acquisition of AWP allows the expansion of EK’s presence in these markets by providing customers with excellent technical and commercial support.

Announcing the acquisition, EK President and CEO Roberto Gallingani explained, “The addition of AWP to our group represents an excellent value-add for Elettrotek Kabel Group’s Cables Automation division in the Canadian markets. We believe this is a strategic acquisition that will also allow AWP to continue expanding its capabilities while benefiting from the technical expertise and global footprint of Elettrotek Kabel Group.”

“Elettrotek Kabel established another important milestone,” said Nicola Malaguti, president and CEO of Elettrotek Kabel North America Inc. “We are confident that with this acquisition our presence in North America will continue to grow. AWP perfectly fits with the group, embracing the same business model and goals. This investment is essential to support Canadian customers and it confirms that Elettrotek is a leader in the cable industry.”

Founded in 2001, Elettrotek Kabel is a leading company in the design, manufacture and supply of special electrical cables used in harsh environments with a high cost of failure. It is one of the first companies in the world to manufacture and distribute special cables for the industrial automation, steel, mining, port and crane, marine and oil industries. The rapid expansion of the group has been possible thanks to the competence of the management team and their constant attention to the exclusive use of the highest quality products.

Founded in 1987, AWP is a Canadian leader in automation cables, with the main objective of meeting the customer’s needs by offering technical solutions and excellent service. AWP has never stopped listening to the needs of the market for over 30 years, and today is recognized for the highest guarantee of quality and reliability.

5/7/2021: OmniCable has agreed to buy Houston Wire & Cable Co. (HWCC) in a $91 million deal that would combine their complementary businesses, products and footprint to create a national leader in the redistribution field.

A press release said that the deal was approved by HWCC’s board of directors, and is expected to get approval at a May 25 meeting of HWCC shareholders. The publicly traded company would then become a private entity of Omni Cable.

The deal “will maximize OmniCable’s and HWCC’s highly complementary operations,” the release said. The combined company will also continue HWCC’s fastener redistribution business. Following the close of the transaction, each company will retain its own brands and its existing locations. “Our shared central focus on redistribution, logistical expertise, and unyielding pursuit of perfection for our business partners will drive both businesses to enhance the value that we bring to the marketplace,” said Jeff Siegfried, OmniCable founder and vice chairman.

HWCC, founded 45 years ago, is a large industrial distributor of wire and cable and fastener products in the U.S. market. Based in Houston, Texas, it has sales and distribution facilities strategically located throughout the U.S. OmniCable, a subsidiary of Dot Holdings Co., has 14 regional distribution centers to serve and support electrical distributors nationwide.

May 7, 2021. Obituaries

Tom Artinian has been named COO of the Performance Cable Systems and Materials Division of Hitachi Cable America Inc. (HCA), based in New Hampshire. He joined the company as executive vice president in 2020, and was a key contributor to the HCA executive team and a transformational leader. Prior to joining HCA, he served for two years as vice president of sales for Southwire Canada, and held key positions for 14 years at ECS Electrical Cable Supply Ltd., IEWC and EIS Inc. He holds a BBA degree in entrepreneurship/entrepreneurial studies from Johnson & Wales University. Based in Manchester, New Hampshire, Hitachi Cable America, Inc., is part of Japan’s Hitachi, Ltd., a multinational conglomerate whose products include copper and fiber optic cables.

Judd Wire, Inc., announced that Atsushi Shinchi has been promoted to company president. He is a graduate of KEIO University in Tokyo, where he studied mechanical engineering, and in 1995 began his career with the electronic wire division of Sumitomo Electric Industries (SEI), which acquired Judd Wire in 1988. His domestic and international assignments were directed towards the growth and advancement of the division (SEIW) and its employees. His most recent role was general manager of SEIW’s manufacturing department. Based in Turners Falls, Massachusetts, USA, Judd Wire is a high technology wire company that specializes in the use of electron beam crosslinked thermosets for wire insulation.

Permanoid Ltd. reported multiple personnel news items. Oliver Hingston been appointed commercial director of Permanoid Ltd. He previously worked eight years for Clynder Cables Ltd. in Manchester, U.K., where he started out as a purchasing assistant and became managing director. He replaced Wayne Butler, who retired after working for the company for 34 years. Gary Taylor has been appointed technical manager. He has worked for Permanoid for almost twenty years, first as purchasing manager and latterly as operations manager. He had previously worked for BICC Cables as a process engineer in both the UK and North America. He has extensive knowledge of cable design, manufacturing processes and materials. David Clarke has been appointed operations manager. He was previously the technical manager, and prior to that, served as quality manager, where he had extensive experience in cable making. Based in Manchester, U.K., Permanoid Ltd. manufacturers a wide range of electrical wire and cables.

TiniFiber® has named Dion King as a strategic accounts representative for the South East Region. The RCDD-certified electrical engineer worked for more than 18 years with Corning in positions that included global commercial training manager with Corning’s Telecommunications Business Group. He previously worked as a communication systems engineer with Mayer Electric Supply Co., Inc. He holds a B.S. degree in electrical engineering from the Georgia Institute of Technology and an MBA from Georgia State University. Based in Farmingdale, New York, USA, TiniFiber is a leading manufacturer of innovative, micro armored patented fiber optic cable solutions for diverse industry applications.

LLFlex has hired John Kay III as COO. He previously was president of The Morven Group, which provides operational support for manufacturing and distribution companies. Prior to that, he spent seven years as executive vice president of manufacturing and distribution for HVHC; and three years as vice president of operations for a division of Catalent Pharma Solutions. Earlier in his career, he was business unit project manager and plant manager, consumer packaging for Alcoa/Reynolds Metals. He holds a B.S. degree in mechanical engineering from the Virginia Military Institute, and an MBA in Operations Management & Finance from Carnegie Mellon University. He is a certified Lean Six Sigma Black Belt. Based in Louisville, Kentucky, LLFlex’s product lines include cable armor, wraps and tapes.

Troester GmbH & Co. KG announced that Thomas Holzer has joined the company’s management board. In addition to Managing Partner and CEO Peter Schmidt and COO Bernd Pielsticker, he will share the management responsibility for engineering and sales in the future. He has comprehensive knowledge in the sale, engineering and project management of special machines, as well as proven management and leadership experience. He held management positions at the paper division of Voith, a German technology company, where he held management positions in Germany, Indonesia, Austria, and China. He was responsible for global projects as well as the service and spare parts business for many years. He studied process engineering in Munich, then business management in Reutlingen and in Michigan in the U.S. Based in Hannover, Germany, Troester GmbH & Co. KG’s product lines include systems for producing cores and jackets, rubber lines, rubber cables and CV systems for medium- and high-voltage cables.

Glen Clark has joined Service Wire Co. as a regional sales manager based at the corporate headquarters, where he will serve commercial and industrial distributors, contractors and engineers while working with manufacturers’ representatives in Virginia, North Carolina, South Carolina, Georgia, Alabama and Florida. Tony Holderby, the regional sales manager for the company’s wire and cable electrical distribution markets in 12 states, will now add Michigan to his territory. He has more than 25 years of experience with Service Wire, working in all areas of the company from distribution to sales and logistics. Also, Rodney Smith, who is now serving the wire and cable electrical distribution markets of Kentucky and Tennessee, will also be responsible for serving the commercial and industrial markets of Indiana, Illinois, Wisconsin, Missouri, Iowa, Minnesota, Nebraska, North Dakota and South Dakota. He has more than 20 years of sales and management experience. Based in Culloden, West Virginia, USA, Service Wire Co. has three manufacturing and distribution facilities across the country.

After a career of more than 45 years, Harry Prunk has retired from the management board of Germany’s Sikora, where he was lauded for his key role in shaping the development of the company and success of its brand. He started with the company immediately after finishing his studies in electronics, and 11 years later, he was appointed managing director of Sikora. In 1981 he founded the first subsidiary, Sikora International Corp. in California, USA. Since transforming the company into Sikora AG in 2002, Prunk has been a member of the Management Board, which he chaired from 2011 to 2015, responsible for the sales, marketing and service. He was particularly involved in the internationalization of Sikora, which today has 14 subsidiaries and 300 employees. He plans to remain active in the industry.