Atlanta, GA-based EIS Inc., a wholly-owned subsidiary of Genuine Parts Company (NYSE: GPC) and No. 15 on MDM’s list of top electrical distributors, has acquired the stock of Cobra Wire & Cable Inc. from Merit Capital Partners and Fulton Capital. Cobra serves the telecom, battery, uninterruptible power supply (UPS) and marine markets.
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Cobra has headquarters and a distribution facility in Hatboro, PA, and additional distribution locations in Plano, TX, and Seattle, WA. It will operate as a separate division of EIS and continue operations with all existing customers and suppliers from their current facilities.
\”This acquisition is consistent with our strategy to grow our current specialty wire and cable business into targeted adjacent markets,\” says Bob Thomas, president and CEO of EIS.
