Methode Electronics Expands Power Distribution Business

March 16, 2005 by Jeff Shepard

Methode Electronics Inc. (Chicago, IL) announced that it has acquired the assets of Cableco Technologies Corp. (Dublin, CA), which designs and manufactures high-current, flexible cabling systems for electronic and electrical applications.

The acquisition enhances Methode's existing power distribution business, Network Bus Products, by bringing a complimentary product portfolio and diverse customer base within the computer, telecommunications, medical and military markets. Methode plans to shift Cableco's manufacturing operations to its facility in Reynosa, Mexico. Cableco's trailing 12-month revenues were approximately $6.5 million.