HEXPOL agreed to acquire Italy-based Vipa Group, a maker of thermoplastic compounds for wire and cable. The about $165 million deal is expected to close this year, expanding HEXPOL’s reach.
Google plans three new subsea systems—Alisios, Canoa and OlaLuz—and a Firmina branch to the Dominican Republic, expanding its Americas Connect network and adding route diversity across Latin America, the Caribbean, the U.S. and Europe.
Central Wire Industries, a Perth, Ontario-based specialty wire and cable manufacturer, has been acquired by Altair Industries. Terms were not disclosed; Altair plans operational and growth initiatives with management.
Fort Wayne Metals completed its transition to full ownership by Axel Johnson Inc., with operations continuing and headquarters remaining in Fort Wayne, per a July 1 announcement from the companies.
Meridiam agreed to acquire 66% of the Great Sea Interconnector project company, with IPTO retaining 34%, a step that could restart Nexans’ US$1.65 billion subsea HVDC cable contract between Crete and Cyprus.
Wire Journal International (WJI) is the leading technical publication for the wire and cable industry.
Published monthly, WJI is written for executives, engineers, technical and sales professionals, and purchasing agents engaged in the manufacture of ferrous and nonferrous wire and cable.
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