M&A Deal Summary

General Cable Acquires Alcan Cable

On May 21, 2012, General Cable acquired electrical equipment company Alcan Cable from Rio Tinto for 185M USD

Acquisition Highlights
  • This is General Cable’s 8th transaction in the Electrical Equipment sector.
  • This is General Cable’s 2nd largest (disclosed) transaction.
  • This is General Cable’s 3rd transaction in the United States.
  • This is General Cable’s 1st transaction in Pennsylvania.

M&A Deal Summary
Date 2012-05-21
Target Alcan Cable
Sector Electrical Equipment
Buyer(s) General Cable
Sellers(s) Rio Tinto
Deal Type Divestiture
Deal Value 185M USD

Target

Alcan Cable

Pennsylvania, United States
Alcan Cable is involved in the production of aluminum cable for the utility and building industries. Alcan Cable offers a wide range of bare and insulated conductors to both the utility and distribution markets, supporting them with highly capable resources to ensure the highest value application of our products.

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Buyer(S) 1

Buyer

General Cable

Highland Heights, Kentucky, United States
Category Company
Founded 1992
Sector Electrical Equipment
Employees12,000
Revenue 4.2B USD (2015)
DESCRIPTION

General Cable Corp. develops, designs, manufactures, markets and distributes copper, aluminum and fiber optic wire and cable products and systems for the energy, industrial, specialty, construction, and communications markets. General Cable Corp. was formed in 1992 and is headquartered in Highland Heights, Kentucky.

DEAL STATS #
Overall 8 of 11
Sector (Electrical Equipment) 8 of 11
Type (Divestiture) 4 of 4
State (Pennsylvania) 1 of 1
Country (United States) 3 of 5
Year (2012) 2 of 5
Size (of disclosed) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-04-12 Delphia Produtos Eletricos

Sao Bernardo do Campo, Brazil

Delphia Produtos Eletricos Ltda., is a manufacturer of automotive ignition wire harnesses sold into the Brazilian market to expand its transportation and industrial harnesses business into South America

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-06-04 Procables S.A.

Bogota, Colombia

Procables through its two manufacturing facilities in Bogota and Barranquilla offers a broad range of wire and cable products, including low and medium voltage power cables, building wire, industrial, communications, and bare aluminum conductors as well as operating copper and aluminum rod mills.

Buy -

Seller(S) 1

SELLER

Rio Tinto

London, United Kingdom
Category Company
Founded 1873
Sector Metals/Mining
Employees57,000
Revenue 54.0B USD (2023)
DESCRIPTION

Rio Tinto is a mining and metals company. The company engages in finding, mining and processing the Earth's mineral resources. Company take a long-term, disciplined approach, developing and running long-life, low-cost, expandable operations that are capable of delivering value throughout the cycle. Rio Tinto was founded in 1873 and is based in London, England.

DEAL STATS #
Overall 7 of 14
Sector (Electrical Equipment) 1 of 1
Type (Divestiture) 7 of 12
State (Pennsylvania) 1 of 1
Country (United States) 2 of 2
Year (2012) 1 of 3
Size (of disclosed) 9 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-01-12 Hathor Exploration

Vancouver, British Columbia, Canada

Hathor Exploration Ltd.'s Athabasca Basin exploration properties in northern Saskatchewan include the flagship Roughrider deposit, which holds around 58 million pounds of uranium, including the potential to produce 5 million pounds more of the yellow metal a year.

Buy $642M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-09-07 Richards Bay Mining

Richards Bay, South Africa

Richards Bay Mining (Pty) Ltd. offers dune mining and mineral separation services.

Buy $1.7B
Mergr

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