TPC Wire and Cable Corp. reports that it has completed its acquisition of Canadaโs Milrail, Inc., a deal that it said strengthens its position in the high-performance wire and cable market and expands Milrailโs presence in the U.S. and Mexico.
A press release said that Milrail, based in Point-Claire, Quebec, was founded in 1990, and supplies the rail, transit and military markets with wire, cable and interconnect devices. Milrail President Allan LaPlante said that being part of TPC will allow even better service to be provided.
โWeโve seen a shift in our customerโs thinking, a desire to work with larger companies with an extended reach,โ LaPlante said in a statement. โCombining Milrailโs exceptional customer service and technical support with TPCโs broader commercial capabilities, allows our two companies to carry this torch into the future and throughout North America in the wire, cable and connectivity market.โ
TPC President and CEO Jeff Crane said that TPC is focused on establishing the Milrail products in the U.S. and Mexican markets. โWe are excited and committed to expand Milrailโs product and service reach, delivering their great tradition of quality to even more customers throughout North America,โ he said in a statement.
This marks the second acquisition that TPC has made in the last two years. In September 2017, the company purchased Massillon, Ohio-based Electa Cord, a maker of of custom-molded cable assemblies, power cords, and cord sets for original equipment manufacturers.