Houston Wire & Cable Co.

Following the close of the $91 million transaction, OmniCable will retain both brands and its existing locations.

OmniCable, a subsidiary of food distributor Dot Holdings Co., is acquiring the wire and cable provider for $5.30 a share.

Distributor announced the sale of its business division in January.

After unloading business in an asset sale, Houston Wire & Cable will use the proceeds to reduce revolver debt

Company unloads Mississippi-based distributor for $20 million in order to reduce debt.