Industrial Electric Wire & Cable Signs Purchase Agreement for C3 (C-Cube) Ltd
June 1, 2009
IEWC EMEA GmbH (IEWC) has acquired 100% of the share interest of C3 (C-Cube) Limited (C3) of Weston-super-Mare, UK. IEWC has concluded this acquisition in support of its strategic vision to expand its global service offering of wire, cable and wire management products in the pan-European marketplace.
C3 was originally founded in 2005 by David Steele & Cory McFarlane. C3 has developed an earned position within the U.K. markets by building strong partnerships with customers and suppliers alike. The employee base of C3 will report to Gerald Muller who is the active Managing Director of IEWC's EMEA Division in Europe. Industrial Electric's Vice President of International Sales, John Dew, stated, "This was a smooth and natural acquisition because C3's structure is similar to IEWC's. They have an outside sales force listening and reacting to the needs and wants of the customer. This, coupled with inside sales and excellent warehouse support offers IEWC's customer base yet another solution in the European Union."
Paul Bryant, Executive Vice President of Sales, Marketing, Purchasing & Customer Service stated, "As a 'Premier Global Supplier', Industrial Electric is focused on expanding its distribution footprint into both established and emerging markets. Our product and service offering has repeatedly found favor amongst OEMs and Sub-Assemblers around the world. We understand the customer's needs and we offer a series of proprietary solutions that consistently exceeds expectations.
For further information please contact David Nestingen, President, Industrial Electric at 800-344-2323 or via email at DaveN@iewc.com.