Platinum Equity, Los Angeles, CA, has acquired the wire harness and electrical distribution business of Alcoa, Pittsburgh, PA. Financial terms of the acquisition were not disclosed. The sale includes operations in 13 countries and involves approximately 17,500 employees.
The wire harness and electrical distribution business was the largest piece of Alcoa’s Electrical and Electronic Solutions division, and its customers include major domestic and international automotive original equipment manufacturers and tier-one suppliers.
Plans for naming the business and other details of the transition will be announced over the coming weeks and months.
