Mueller Electric Company Acquired By Desco Corporation
Akron-based manufacturing operations and sales growth initiatives continue.
Akron, Ohio, USA – Mueller Electric Company, Inc. (www.muellerelectric.com), a global manufacturer and distributor of test leads, cable assemblies, clips, connectors, custom cable assemblies and accessories for electronic component, factory automation, and test & measurement markets, announced its acquisition by Desco Corporation (www.descocorporation.com) in an all-cash deal, along with plans to continue its Akron, Ohio, USA-based operations and sales growth plans into the foreseeable future.
With more than 100 years of successful market innovation, Mueller Electric Company has its industry origins as the inventor of the “Alligator Clip”, a must-have for testing requirements. The company has since expanded its product portfolio, both organically and via acquisition (i.e., J.S. Popper, Crane Connectors) into additional types of electrical testing clips, test leads, test accessories, board-to-board connectors and custom cable assemblies. All product technologies are sold either directly to qualifying manufacturers, or through some of the industry’s leading authorized distributors, including Allied Electronics, Digi-Key Corporation, Electrosonic, McMaster, Newark, RS Components, RS Electronics and Selecta.
Founded in 1966 and headquartered in Columbus, Ohio, USA, Desco Corporation and its affiliates are a group of diversified industrial manufacturing and technology companies, with facilities in North America, Europe and Asia. For the past 40 years, Desco has compiled a long and successful track record of developing and growing a variety of businesses. The company presently owns eight separate middle-market industrial businesses, with a debt-free balance sheet and very strong cash position.
Notes General Manager, Cliff Prosek, “The Mueller Electric team is pleased to continue our growth plans as part of Desco Corporation. Our valued customers and distributors can look forward to the continued introduction of new product technologies, addition of critical sales and engineering resources, and product quality and reliability from our Akron-based facility. We look forward to this new chapter in our company’s history and are excited for the future.”
For more information about Mueller Electric Company and its available product technologies, visit www.muellerelectric.com. For more information about Desco Corporation and its portfolio of companies, visit www.descocorporation.com.