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nVent Announces Acquisition Of WBT; Terms Not Disclosed

LONDON--(BUSINESS WIRE)-- nVent Electric plc (NYSE:NVT) (“nVent”), a global leader in electrical connection and protection solutions, today announced the acquisition of substantially all of the assets of WBT

Benzinga · 02/10/2020 13:16

LONDON--(BUSINESS WIRE)-- nVent Electric plc (NYSE:NVT) (“nVent”), a global leader in electrical connection and protection solutions, today announced the acquisition of substantially all of the assets of WBT LLC, a U.S.-based manufacturer of cable tray, a business that will become part of nVent’s Electrical & Fastening Solutions (EFS) segment, marketed as part of the nVent CADDY product line.

An innovative and customer-focused business, Centralia, IL-based WBT manufactures high-quality cable tray, and has approximately 40 employees supporting manufacturing in Centralia and Chandler, AZ.

“WBT’s unique and labor-saving cable tray product line is the perfect complement to our nVent CADDY j-hooks and fasteners, allowing us to offer customers a one-stop solution for cable management and pathways for DNS as well as commercial and industrial applications,” said Robert van der Kolk, President of nVent’s EFS business.