M&A Deal Summary

General Cable Acquires Phelps Dodge International

On September 12, 2007, General Cable acquired electrical equipment company Phelps Dodge International from Freeport-McMoRan for 735M USD

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

M&A Deal Summary
Date 2007-09-12
Target Phelps Dodge International
Sector Electrical Equipment
Buyer(s) General Cable
Sellers(s) Freeport-McMoRan
Deal Type Divestiture
Deal Value 735M USD

Target

Phelps Dodge International

Doral, Florida, United States
Phelps Dodge International Corp., is a cable producer. PDIC has manufacturing and distribution facilities around the world with leading market positions in South and Central America, Africa and Southeast Asia. In addition to 10 majority-owned manufacturing and numerous distribution facilities, PDIC also has equity positions in wire and cable companies in China, Hong Kong, and the Philippines.

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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 3 of 11
Sector (Electrical Equipment) 3 of 11
Type (Divestiture) 3 of 4
State (Florida) 1 of 1
Country (United States) 1 of 5
Year (2007) 2 of 2
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-04-27 Norddeutsche Seekabelwerke KG

Nordenham, Germany

Norddeutsche Seekabelwerke GmbH & Co. KG, is a provider for a variety of specialty products including specialized high-end winding wire for high voltage motor applications and specialty extrusions for various filtration and waste water treatment applications.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2009-08-03 Gepco International

Wood Dale, Illinois, United States

Gepco Brand is a provider 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.

Buy -

Seller(S) 1

SELLER

Freeport-McMoRan

Phoenix, Arizona, United States
Category Company
Founded 1987
Sector Metals/Mining
Employees27,200
Revenue 22.9B USD (2023)
DESCRIPTION
Entrance to Freeport-McMoRan's corporate headquarters in Phoenix, Arizona.
Entrance to Freeport-McMoRan's corporate headquarters in Phoenix, Arizona.

Freeport-McMoRan is an international natural resources company. Freeport-McMoRan operates large, long-lived, geographically diverse assets with reserves of copper, gold, molybdenum, cobalt, oil and gas. Freeport-McMoRan was founded in 1987 and is based in Phoenix, Arizona.

DEAL STATS #
Overall 1 of 2
Sector (Electrical Equipment) 1 of 1
Type (Divestiture) 1 of 2
State (Florida) 1 of 1
Country (United States) 1 of 2
Year (2007) 1 of 1
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-11-19 Phelps Dodge

Phoenix, Arizona, United States

Phelps Dodge is a producer of copper and molybdenum and is the largest producer of molybdenum-based chemicals and continuous-cast copper rod. The company employs 15,000 people worldwide.

Buy $25.9B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-05-31 Plains Exploration & Production

Houston, Texas, United States

Plains Exploration & Production Company provides U.S.-based oil and gas assets.

Buy USD16.3B
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