UK cable management manufacturer sold to US electricals group
Atkore International has acquired Marco Cable Management, a leading U.K. designer and manufacturer of wire cable tray and PVC trunking, in a deal led by BCMS.
Founded in 2003 and based in Llangefni, Anglesey, Marco Cable Management is a leading uPVC cable management company, and the UK’s largest manufacturer of steel wire cable trays.
New York-listed Atkore delivers a unique portfolio of integrated electrical raceway solutions, with 3,100 employees and 52 manufacturing and distribution sites worldwide.
Mike Schulte, Atkore’s President of Mechanical Products and Solutions said: “We are pleased to have Marco Cable Management join the Atkore family as their product portfolio adds value to our electrical distribution partners in the U.K. and enhances our offering to the data centre and healthcare markets.”
“Furthermore, as North America’s leading electrical raceway manufacturer, this acquisition expands our electrical raceway presence in the U.K. and Europe.”
Ian MacGregor, founder of Marco Cable Management, added: “We’re pleased to join a global leader who has the capability to grow our company as part of its expanding portfolio. Our similar cultures and dedicated employees, focused on quality, delivery and innovation, creates a strong value proposition for all of our customers.”
Marco Cable Management was advised by BCMS, with legal advice from Freeths. Terms of the sale are undisclosed.
BCMS Lead Advisor Alan Southcombe commented: “We generated strong market interest for Marco to give the shareholders as many options as possible. Atkore was keen from the outset, and as the negotiations progressed, it became clear that Marco joining the Atkore family would unlock the meaningful market potential for both parties. We wish them both well on the next chapter of their journey.”