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Mayfield Village, Ohio, March 11, 2019 – Preformed Line Products Company (NASDAQ: PLPC) announced today that it has acquired SubCon Electrical Fittings GmbH.
Founded in 2000, SubCon is a market leader in the design and manufacture of highly engineered substation connector systems and accessory hardware for high voltage AC and DC systems with voltage levels up to and exceeding 1000KV. SubCon is based out of Austria and has manufacturing operations in the Czech Republic. The acquisition of SubCon will strengthen Preformed's position in the global substation market and will expand its operational presence in Europe.
Preformed's Chief Executive Officer and President, Rob Ruhlman stated, "The acquisition of SubCon greatly enhances our technical expertise in the areas of high voltage AC and DC substation systems and brings with it a talented group of technical professionals with a keen understanding of substation products, technologies and customers. This combined with Preformed’s significant global reach will enhance the full range of solutions we can provide to our global power utility customers."
Founded in 1947, Preformed Line Products is an international designer and manufacturer of products and systems employed in the construction and maintenance of overhead and underground networks for energy, communications and broadband network companies.
Preformed's world headquarters are in Cleveland, Ohio, and the Company operates two domestic manufacturing centers located in Rogers, Arkansas, and Albemarle, North Carolina. The Company serves its worldwide market through international operations in Argentina, Australia, Austria, Brazil, Canada, China, Colombia, Czech Republic, England, France, Indonesia, Malaysia, Mexico, New Zealand, Poland, Russia, South Africa, Spain and Thailand.
To learn more about SubCon, please visit plp-subcon.com.
