IEWC Acquires Argosy Components

MILWAUKEE, Wis. — Industrial Electric Wire& Cable, Inc. (IEWC) has entered into an agreement to acquire UK-based
Argosy Components Limited.

Argosy’s strong presence in the UK,
United Arab Emirates and Malaysia will help to bolster IEWC’s growing broadcast
and communications initiatives, while offering Argosy access to IEWC’s
globalized distribution network and on-site service offerings to streamline and
improve Argosy customers’ experience. Chris
Smeeton, Argosy Sales Director, commented, “Together, Argosy and IEWC are
an extremely natural fit due to the similarities both companies share in their
customer-centric business models. We’re excited for the opportunities this deal
will create not only for Argosy and IEWC, but the enhanced support and expanded
product breadth we will be able to offer our customers within the broadcast and
communications markets.”

“As IEWC continues to strengthen
its investments within the broadcast and communications industries, choosing
partners and solutions that will truly enhance the IEWC customer experience has
been of the utmost importance,” stated Roger Caynor, IEWC’s VP of
Broadcast & Communications. “With Argosy, their proven track record
with supplier partners and customers will allow IEWC to continue to raise the
bar on our offered solutions.”

Argosy will continue to operate under
the “Argosy” name and retain the same sales and operations teams.

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