Local corporation buys company in Brazil | Business
HIGHLAND HEIGHTS, KY (FOX19) - General Cable Corporation, a global leader in ignition wire harness technology, has acquired Delphia Produtos Eletricos Ltda. (“Delphia”), located in São Bernardo do Campo, São Paulo State, Brazil. The business will continue to operate as Delphia under the umbrella of General Cable Automotiva Brasil.
Delphia is a leading manufacturer of automotive ignition wire harnesses sold into the Brazilian market. The business reported revenues of approximately $20 million USD in 2011.
"The Delphia acquisition is another important step in the globalization of our ignition wire harness business,” said Roger Roundhouse, Senior Vice President and General Manager, Specialty Wire Harnesses, of Highland Heights-based General Cable. “This acquisition, coupled with our existing operations in the United States, Mexico and Europe, is a key enabler in our ability to support the global needs of our multi-national customers. In addition, the acquisition enables General Cable to apply our commercial, technical and operational expertise in this increasingly global market."
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