Need Help? (888) 742-5060

In The News:

Thomas & Betts Acquires Cable Management Group

Thomas & Betts Corp. (NYSE:TNB), Memphis, TN, has acquired Cable Management Group, Ltd., a privately held, global manufacturer of cable protection systems specified in industrial and infrastructure / construction applications, for £70 million (US$110 million) from available cash reserves.

CMG manufactures a broad range of metallic and non-metallic flexible conduit and fitting systems used to protect critical power and data systems from fire, dust, moisture, vibration and corrosion. Based in Birmingham, U.K., CMG reported sales of £28 million (US$44 million) for the fiscal year ended July 31, 2010.

"CMG is a growing and profitable business with market-leading brands, a solid international presence and an excellent financial profile," said Dominic J. Pileggi, CEO of Thomas & Betts. "CMG's diverse portfolio of cable protection systems complement T&B's existing product offering as well the portfolio of cable protection systems added when we acquired Swiss-based PMA AG earlier this year. Both the CMG and PMA acquisitions support our strategic goals of broadening our presence outside North America and strengthening our leadership in industrial electrical components."

© 2019 Gale Media, Inc.

Please do not reprint MDM's content on your website without MDM's express permission as it is copyrighted material. To gain permission, email us, or call 1-888-742-5060. For information on PDF or print reprints, visit MDM welcomes inbound links from your site. Please cite Modern Distribution Management.

2018-top-distributors-listThe 2018 Top Distributors List

This free PDF includes lists of top distribution companies across 14 sectors.

You will also receive MDM Update, our daily distribution e-newsletter & other distribution-focused content.

Download the Free PDF now >>

MDM-UpdateMDM Update: Daily Newsletter 

Sign up to read the best source for news & trends in wholesale distribution, MDM Update. Delivered daily to your inbox. 

Sign-up for MDM Update >>

Partner Center