Houston Wire & Cable Acquires Vertex Corporate Holdings from DXP

Company buys master distributor of industrial fasteners for $32.3 million.

Houston Wire & Cable Co. (NASDAQ: HWCC), Houston, TX, has acquired Vertex Corporate Holdings Inc. and its subsidiaries from DXP Enterprises Inc. (NASDAQ: DXPE), Houston, TX, for $32.3 million.

Vertex is a master distributor of industrial fasteners with sales and distribution centers throughout the U.S.

"This acquisition leverages HWCC's core strength in master distribution and its national distribution platform into new product categories and represents a great example of how its model can be used to further penetrate industrial end markets," said James Pokluda III, president and CEO of HWCC.

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