Houston Wire & Cable Company (NASDAQ: HWCC) is one of the largest wire and cable providers in America. The company was founded in 1975 and based in Houston, Texas. As of year 2011, the company provides service to about 6,000 customers with a customer base covering the industries of communications, energy, engineering, utility and transportation. It was ranked in list of Top 200 Best Small Companies in America in 2009 by Forbes The market capitalization of company is $240.05 million with an enterprise value(As of February 2014) of $278.93 million. In February, 2014, the company joined Affiliated Distributors (AD), a dynamic community of independent distributors and manufacturers of construction and industrial products.
Video Houston Wire & Cable
History
The company was founded in 1975. In 1987, it completed its first initial public offering and was subsequently purchased in 1989 by ALLTEL Corporation. In 1997, the company was purchased by investment funds affiliated with Code, Hennessy & Simmons LLC, and then conducted a second public offering in 2006. In 2010, the company acquired Southwest Wire Rope, LLP and Southern Wire, LLC to broaden the its product line. In February, 2014, it opened its newest distribution center in Odessa, Texas. The center can provide the customer with standard same-day shipment and will-call pickup in Odessa.
Maps Houston Wire & Cable
References
- Notes
External links
- // Official website
Source of article : Wikipedia
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