Nexans exploring possibility of Berk-Tek copper and fiber cable sale - 0 views
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Following receipt of expressions of interest, Nexans is exploring the possibility of the sale of its Berk-Tek copper and fiber cable activity in the US. Berk-Tek focuses on cables for local area network applications and generates annual sales of approximately $200 million.
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Nexans announced on 28th September that after having received expressions of interest in its Berk-Tek copper and fibre cable subsidiary, it is "exploring the possibility" of selling it. Berk-Tek manufactures high-performance copper cable from its plants in New Holland, Pennsylvania, and Elm City, North Carolina, and also produces fibre optic cable in Fuquay-Varina, North Carolina. Nexan's statement follows its acquisition of Shandong Yanggu Cables Group of China for around RMB930M in early September.
