Cable Technology Feature Article
November 03, 2008
Cable Connection and Wilco Wire Technology Announce a Strategic Merger
By Jai C.S., TMCnet Contributor
Cable Connection, a manufacture of custom cables and accessories for the Electronic Communication and Wilco Wire Technology, a manufacturer specializing in OEM cable and harness assemblies, have signed a strategic merger agreement which is aimed to bring distinct business advantages to both the companies and their customers.
"The combined company will be located in the former Wilco facility in Fremont, California and will operate under the Cable Connection company name," said Greg Gaches, chief executive officer and president at Cable Connection.
Some of the key benefits of this merger as stated include the manufacturing access for high volume customers to Cable Connection's off-shore capabilities in China, the ability for both the companies to expand due to their product and process synergies.
"For the past 35 years, Wilco Wire has been a leading source for domestic manufacturing of cable and harness assemblies, wire wrap boards, and box builds. We are pleased to be able to integrate our design teams and work forces to achieve additional synergy and provide more value as one company," said Greg Gaches, chief executive officer at Cable Connection.
Judy Wilson, president of Wilco Wire mentioned about this merger and said that the combined company would provide the custom and specialized high-quality products in a more cost-efficient way.
Further to the merger agreement, the newly-combined Cable Connection company has also signed a sales partnership agreement with Norcomp, a manufacturers' representative working on building engineering and supply-chain partnerships between the manufacturers.
This agreement is aimed at expanding the Cable Connection’s existing direct sales force and also to allow the company have access to Norcomp's complementary base of customers.
"We chose Norcomp as a sales partner because of their amazing customer base and impeccable reputation in the industry and look forward to a productive business relationship," said Greg Gaches, chief executive officer at Cable Connection.
“By adding Cable Connection to our portfolio, we are now able to also provide the wire harnesses, semi-rigid coax cables, and unique cable assemblies that our customers need to implement their end-products at any volume level," said Nad Karim, principal at Norcomp.
Jai C.S. is a contributing editor for TMCnet. To read more of Jai's articles, please visit his columnist page.
Edited by Tim Gray