General Cable To Divest Gepco Brand To ACS Solutions

General Cable Corporation

revealed that it reached a definitive deal with ACS Solutions to divest its Gepco Brand of high-end broadcast cabling solutions. According to the company, it was one of the well-established and respected brands in the professional broadcast industry. It has an outstanding reputation for unsurpassed quality, as well as, performance. General Cable's VP and GM for North America Communications Products, John Weiler, said that "General Cable is pleased to know that the Gepco® Brand name will continue to live on in the broadcast market under ACS's leadership. We recognized that an acquisition of this business by a manufacturer like ACS who is focused on this market could maximize the brand's value." Similarly, ACS Solutions, President and CEO, Dave Fox, commented that "We are very excited to have the opportunity to acquire the Gepco® Brand. Gepco® products and custom solutions fit seamlessly within our portfolio of products and services and will significantly enhance our company's plan for exponential growth." On Tuesday, the stock traded 2.25% higher.