World Class Wire & Cable to be acquired by Anixter

World Class Wire & Cable Inc., a Waukesha distributor of electrical wire and cable, has tentatively agreed to be purchased by Anixter International Inc. for more than $60 million.
World Class Wire generates approximately $60 million per year in annual sales from its operations in Waukesha. Its founder and president, James Lindenberg, has received several business honors recognizing growth and entrepreneurship. One of his recent honors was being named winner in the Ernst & Young Entrepreneur Of The Year 2007 Award in the Lake Michigan Area program.
Glenview, Ill.-based Anixter International (NYSE: AXE) is a global distributor of communication products, electrical and electronic wire and cable, fasteners and other small parts. It announced Tuesday that it entered into a letter of intent to acquire World Class Cable at an anticipated price of $62 million in cash, plus trade liabilities for all of the assets and operations of World Class.
"World Class has an excellent team that has won many awards for its entrepreneurial drive and track record of growth," said Bob Eck, president and CEO of Anixter. "We believe the World Class team will be an excellent fit with our existing presence in the wire and cable market in the Midwest. This acquisition positions us well to drive even stronger future organic growth."
Anixter said it expects to complete the acquisition around Oct.1, following the finalization of certain contract terms and conditions as well as regulatory approval.

Press Release!

FOR IMMEDIATE RELEASE FROM WORLD CLASS WIRE AND CABLE:

On April 30th and May first, World Class Wire and Cable in Waukesha, Wisconsin was honored at the Biz Tech Expo—a two-day exposition honoring companies celebrating business and technology—with not only an Innovation Quotient (IQ) Award for Innovation in Business for the patented Drumbox®, but also with World Class President Jim Lindenberg speaking on a panel of experts at a Manufacturing Summit. The members of the panel discussed operational strategies for competing in a global marketplace. World Class’ Drumbox® won the IQ award for providing an innovation to the wire processing industry to eliminate wire memory problems that can be a result of tight winding problems on a spool or reel. You get the benefits of a drum style payout with the ability to get smaller than normal drum size quantities.

World Class Wire and Cable at Upcoming Trade Shows

See World Class Wire and Cable at the following booths at these upcoming Trade Shows:

May 21st and 22nd
Electrical Wire Processing Technology Expo
Midwest Airlines Center
Milwaukee, WI
Booth #1455

September 23th-25th
Assembly Technology Expo
Donald E. Stephens Convention Center
Rosemont (Chicago), IL
Booth #1307

National Association of Electrical Distributors Awards World Class Wire and Cable

The Electrical Distributor (TED) Magazine recently celebrated 100 years of the National Association of Electrical Distributors with "100 Faces for 100 Years"-100 people over the last 100 years who continue to change electrical distribution. World Class Wire and Cable is proud to announce that company President Jim Lindenberg was chosen as one of 100.

World Class Wire and Cable wins an IQ Award

World Class Wire and Cable's patented DRUMBOX® has earned an "Innovative Quotient (IQ)" award for industry innovations in business from the Small Business Times. WCWC's DRUMBOX® has revolutionized the way wire is shipped and unspooled. Read all about it at www.wcwc.com

World Class has 7 new products in stock!

Did you know that World Class Wire and Cable has 7 new products in stock and can ship the same day on these and hundreds of other items?

-Coaxial— M17-QPL
-DLO— Diesel Locomotive and Drilling Rig Cable
-UL1199— Teflon® 200C
-UL3070/SFF-2— 150 Flexible SRML
-UL3512— Harbour Duro 200C Silicone Rubber
-MIL-W-22759/11— Polytetrafluorethylene (PTFE)electronic hook-up wire 200C.
-MIL-W-22759/16— TEFZEL® Ethylene/tetrafluoroethylene (ETFE) Electronic Hook-up Wire

Visit wcwc.com for more details!