GENERAL CABLE ACQUIRES GEPCO INTERNATIONAL
HIGHLAND HEIGHTS, KENTUCKY, August 3, 2009 – General Cable Corporation (NYSE: BGC), one of the most geographically diversified industrial companies, reported today that it has acquired Gepco International, Inc. and Isotec, Inc. (combined “Gepco”). Gepco, a manufacturer and provider of high-end cabling solutions for the professional broadcast and entertainment markets, reported 2008 revenues of approximately $46 million.
The Gepco Brand of high-end broadcast cable products is one of the most well-known and respected brands in the professional broadcast industry with an outstanding reputation for unsurpassed quality and performance. Gepco cabling solutions are a critical component to the professional broadcast industry’s continuing innovation in broadcast technologies such as the next generation super or ultra-high definition video.
“With the acquisition of Gepco International and Isotec’s specialty electronic cable business, General Cable expects to significantly expand its share of this important U.S. market as well as leverage General Cable’s global sales infrastructure with this technically superior brand of multimedia cables in markets all over the world. We expect the market for these products to grow at roughly two times GDP in the U.S. and somewhat higher internationally due to ongoing global analog-to-digital conversions,” said Jay Lahman, Vice President and General Manager, Carol, Gepco, and Isotec Brand products.
Greg Lampert, Executive Vice President, President and CEO of General Cable North America said, “I am pleased that Gary Geppert, the Company’s founder and a recognized innovator in the industry, has agreed to stay with the Company. He has built Gepco into a technology leader in the professional broadcast industry, nearly doubling revenues of broadcast products over the last five years, and will continue to lead our efforts to develop new and innovative products.”
Gepco offers a complete line of professional broadcast, entertainment and audio/visual cable; cable assemblies in both standard and custom configurations; interconnect and cable-related accessories; and a full line of optical fiber solutions. For more information about these and other General Cable and Gepco Brand products, please contact your local sales representative or visit our website at www.generalcable.com or www.gepco.com.
General Cable (NYSE:BGC), a Fortune 500 Company, is a global leader in the development, design, manufacture, marketing and distribution of copper, aluminum and fiber optic wire and cable products for the energy, industrial, and communications markets.
Certain statements in this press release, including without limitation, statements regarding future financial results and performance, plans and objectives, capital expenditures and the Company’s or management’s beliefs, expectations or opinions, are forward-looking statements. Actual results may differ materially from those statements as a result of factors, risks and uncertainties over which the Company has no control. Such factors, risks, and uncertainties are more fully discussed in the Company's Report on Form 10-K/A filed with the Securities and Exchange Commission on May 8, 2009, as well as periodic reports filed with the Commission.
Release No. 0618