Desco acquires Mueller Electric
Susan Nordyk- December 29, 2011Mueller Electric announced that is has been acquired by Desco in an all-cash deal. The manufacturer and distributor of test leads, cable assemblies, clips, connectors, and accessories for electronic component, factory automation, and test-and-measurement markets will continue its operations in Akron, OH, as well as its sales growth initiatives.
Headquartered in Columbus, OH, Desco and its affiliates are a group of diversified industrial manufacturing and technology companies with facilities in North America, Europe, and Asia. The company presently owns eight separate middle-market industrial businesses.
"The Mueller Electric team is pleased to continue our growth plans as part of Desco Corporation," said Cliff Prosek, GM. "Our valued customers and distributors can look forward to the continued introduction of new product technologies, the addition of critical sales and engineering resources, and product quality and reliability from our Akron-based facility."
Mueller Electric, www.muellerelectric.com