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    Electrical Association of Philadelphia
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    1. Business Management

    General Cable to buy BICC Cable assets

    May 1, 2003
    General Cable Corp. and BICC plc signed a definitive agreement under which General Cable would acquire most of the wire and cable assets of London-based

    General Cable Corp. and BICC plc signed a definitive agreement under which General Cable would acquire most of the wire and cable assets of London-based BICC for $440 million in cash. The acquisition includes all of BICC's U.S. wire and cable operations and, if completed, make General Cable the second-largest electric wire manufacturer in North America and third-largest in the world.

    General Cable, Highland Heights, Ky., would acquire BICC's worldwide energy cable and cable systems businesses, including 41 manufacturing plants in 16 countries and sales operations in an additional 20 countries throughout Europe, North America, the Middle East, Africa and the Asia-Pacific region.

    The agreement with General Cable includes products marketed under the BICC Cables name in the utility market and under BICC Brand-Rex and BICC Pyrotenax in industrial, OEM, wholesale and government market segments. BICC Group is holding onto the BICC Brand-Rex data and specialty cable operations outside the U.S., in addition to its core businesses in engineering and construction.

    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.

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