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Preformed Line Products Acquires Electric Hardware Provider Delta Conectores

Author: Shivani Kumaresan | October 17, 2022 02:15pm

Preformed Line Products Company (NASDAQ:PLPC) has acquired Delta Conectores, S.A. de C.V. The financial details of the transaction were not disclosed.
Delta Conectores designs and manufactures substation connector systems and accessory hardware for high-voltage AC systems in Mexico.
PLPC expects the acquisition to expand its operational and technical capabilities in the region.
The company held $30.1 million in cash and equivalents as of June 30, 2022.
"The addition of Delta to the PLP family expands our existing substation product offering. They bring a high level of design expertise and bolster our manufacturing capabilities in North America," said Ryan Ruhlman, VP of Marketing & Business Development at PLP.
Price Action: PLPC shares are trading higher by 1.07% at $73.67 on the last check Monday.

Posted In: PLPC