LDC sells Cable Management Group to Thomas & Betts Corporation

LDC stated the deal provided "an excellent return" on its original investment. It backed the management buy-out of CMG in 2007, in a deal that valued the company at £60m. The investment was made to support new product development, expansion of export markets and future acquisitions.

Birmingham-based CMG manufactures a broad range of flexible conduit and fitting systems used to protect critical power and data systems from fire, dust, moisture and corrosion. The company operates through three brands: Adaptaflex, Kopex and Harnessflex, and targets markets including industrial OEM, construction and infrastructure, petrochemical and transportation. It currently employs around 200 people.

The unquote" team is currently researching this transaction. In-depth deal information for subscribers will follow shortly.

If you have any information regarding this transaction, please contact Grégoire Gille on +44 20 7484 9824 or gregoire.gille@incisivemedia.com

 

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