Coleman Cable Acquires Assets of Watteredge for $35M

Coleman Cable, Inc. (Nasdaq:

) announced today that it has completed the acquisition of substantially all of the assets of Watteredge, Inc. in an all-cash transaction valued at approximately $35.0 million. Watteredge designs, manufactures and sells secondary power connectors, including electric arc furnace cables, resistance welding cables, industrial high-performance copper bus bars and accessories, and other high performance power conduction devices and accessories. Watteredge serves the steel, chemical, chlorine, power generation, fiberglass and automotive industries and sells its products and services worldwide.