Preformed Line Products Company (NASDAQ: PLPC) has signed a definitive agreement to acquire the assets and equity interests of the Dulmison Business from Tyco Electronics Ltd. (NYSE: TEL). The transaction should close within 90 days. Dulmison designs, manufactures and markets pole line hardware and vibration control products for the global electrical utility industry. The acquisition of Dulmison will strengthen Preformed's position in the power distribution and transmission hardware market and will expand their presence in the Asia-Pacific region.
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About Preformed Line Products
Founded in 1947, Preformed Line Products is an international designer and manufacturer of products and systems employed in the construction and maintenance of overhead and underground networks for energy, communications and broadband network companies. Preformed's world headquarters are in Cleveland, Ohio, and the Company operates three domestic manufacturing centers located in Rogers, Arkansas, Albuquerque, New Mexico, and Albemarle, North Carolina. The Company serves its worldwide market through international operations in Australia, Brazil, Canada, China, England, Mexico, New Zealand, Poland, South Africa, Spain and Thailand.
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