Brazil - General Cable acquires Delphia Produtos Eletricos Ltda - 1 views
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Piotr Ortonowski on 17 Apr 12It has been announced that General Cable Corp. acquired Delphia Produtos Eletricos Ltda., a Brazilian automotive parts manufacturer although terms of the deal have not been disclosed.. Delphia manufactures automotive ignition wire harnesses sold into the Brazilian market and reported revenues of about $20 million in 2011. General Cable had net sales of $5.9 billion in 2011. General Cable CEO Gregory Kenny said, "over the past several years, through our expansion strategy and continuous improvement culture we have enhanced our service capabilities in a wide range of transportation and industrial applications for original equipment manufacturers, suppliers and distributors. We are well positioned to further enhance the value proposition to our global customers having achieved another important milestone with the acquisition of Delphia in this significant market in South America." Delphia is located in Sao Bernardo do Campo, Sao Paulo State and will continue to operate as Delphia under the umbrella of General Cable Automotiva Brasil.