MACEDONIA, OHIO — TPC Wire & Cable Corp. (TPC) has announced it has completed the acquisition of Enersave Wire & Cable (EWC).
Founded in 1978, TPC is a producer of high performance, high quality wire, cable and connectors used in harsh industrial applications. TPC’s products serve a broad spectrum of industries including steel, utility, mining, automotive, food and beverage, government, oil and gas, nuclear, transportation and wood, pulp and paper markets. The acquisition of EWC is aligned with TPC’s strategy to further expand assembly services and product inventory into Mexico and will accelerate TPC’s growth in Mexico and elsewhere in Latin America through the addition of direct sales, local distribution and cable assembly capabilities.
TPC was acquired by Audax Private Equity in May 2015. Enersave is TPC’s first add-on under Audax ownership. The leadership team of EWC, Raul Ortega Sr. and Raul Ortega Jr., will remain with the business.
“We are excited to have Enersave become part of the TPC family,” said Steve Michalski, CEO of TPC Wire & Cable Corp. “The Ortegas have done a marvelous job of growing the TPC brand in Mexico and we are looking forward to continuing their endeavors with this new partnership. The acquisition allows us to increase our inventory of harsh industrial cables and accessories to better serve our customers in Mexico.”
