PLP ANNOUNCES ACQUISITION OF DELTA CONECTORES, S.A. DE C.V.

Rhea-AI Summary

On October 17, 2022, Preformed Line Products Company (NASDAQ: PLPC) announced its acquisition of Delta Conectores, S.A. de C.V., enhancing its operational and technical capabilities in Mexico. Founded in 1979, Delta specializes in substation connector systems for high-voltage AC systems and is a market leader in its region. This strategic acquisition aims to expand PLP's substation product offerings, leveraging Delta's design expertise and boosting manufacturing capabilities in North America. Ryan Ruhlman, VP of Marketing, expressed excitement about integrating Delta's team into PLP.

Positive

• Acquisition expands PLP's substation product offering.
• Delta's expertise enhances PLP's design and manufacturing capabilities in North America.
• Strengthens PLP's operational position in the Mexican market.

Negative

• None.

CLEVELAND, Oct. 17, 2022 /PRNewswire/ -- Preformed Line Products Company (NASDAQ: PLPC) announced today that it has acquired Delta Conectores, S.A. de C.V.

Founded in 1979 and based out of Aguascalientes, Mexico, Delta designs and manufactures substation connector systems and accessory hardware for high-voltage AC systems and is a market leader in Mexico. The acquisition of Delta will greatly expand PLP's operational and technical capabilities in the region while supporting its overall global substation strategy.

"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. We are excited to welcome the Delta team to PLP," stated Ryan Ruhlman, Vice President of Marketing & Business Development at PLP.

ABOUT PLP

PLP protects the world's most critical connections by creating stronger and more reliable networks. The company's precision-engineered solutions are trusted by energy and communications providers worldwide to perform better and last longer. With locations in over 20 countries, PLP works as a united global corporation, delivering high-quality products and unparalleled service to customers around the world.

MEDIA RELATIONS                         

JOSH NELSON                                                    
MANAGER, MARKETING COMMUNICATIONS      
+1 440 473 9120                                                           
JOSH.NELSON@PLP.COM

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SOURCE Preformed Line Products

FAQ

What was the acquisition announced by PLPC on October 17, 2022?

PLPC announced the acquisition of Delta Conectores, S.A. de C.V., a leader in substation connector systems in Mexico.

How does the acquisition of Delta Conectores impact PLPC?

The acquisition significantly enhances PLPC's operational and technical capabilities in the region and expands its substation product offerings.

What expertise does Delta Conectores bring to PLPC?

Delta Conectores brings a high level of design expertise in substation connector systems, bolstering PLPC’s manufacturing capabilities in North America.

What is the significance of the acquisition for PLPC's global strategy?

This acquisition supports PLPC's overall global substation strategy and strengthens its market position in Mexico.