Summary
General Cable is an American multinational cable manufacturing company based in Highland Heights, Kentucky, with sales offices and manufacturing facilities in several countries. General Cable manufactures and distributes copper, aluminum, and optical fiber cables. In December 2017, Italian group Prysmian acquired General Cable for a $3 billion deal finalized on June 6, 2018.
 | |
| Company type | Private[1] |
|---|---|
| Industry | |
| Founded | Incorporated 1927 |
| Headquarters | Highland Heights, Kentucky |
Key people | |
| Products | |
| Revenue | $6 billion (2014)[4] |
Number of employees | 8,500[5] (2017) |
| Parent | Prysmian Group |
| Website | www.generalcable.com |
History edit
General Cable was found in New Jersey in 1927, merging several older companies founded in the 19th century, including Phillips Wire and Safety Cable Company, Rome Wire Company, and Standard Underground Cable.[6] General Cable was owned by Penn Central from 1981 to 1992.[7]
Products edit
General Cable manufactures copper and aluminum wire, optical fiber, and electrical cable products. Low-voltage, medium-voltage, and high-voltage power distribution and power transmission devices are among the company's power cables. Several brands are used by General Cable to market its products.
Corporate information edit
Logo edit
When General Cable officially formed in 1927, the company introduced its first trademark logo.[8]
Since the original 1927 version, the company's logo has been modified five times. Today, the trademarked logo consists of the "General Cable" stylized black text with a green "Reuleaux triangle" on the left, which is a modernized version of the 1927 symbol.[8]
Locations edit
General Cable's global headquarters is located in Highland Heights, Kentucky. This facility, which also serves as the North American headquarters and employs approximately 400 associates, has been operating since 1992.
General Cable operates internationally,[9] with regional business operations in North America, Latin America, and Europe. The company has a network of manufacturing facilities in core markets, with sales representation and distribution worldwide.
Employees edit
In 2016, General Cable employed 11,000 associates working in manufacturing plants, distribution centers, technology centers, sales offices, and corporate headquarters for the development, design, manufacture, marketing, and distribution of its products.
In June 2013, General Cable placed 17th among the 40 top midsized (150 to 499 employees) companies in the Greater Cincinnati and Northern Kentucky region.
Foreign bribery edit
In 2016, the company was ordered to pay over $75 million to resolve both SEC and Department of Justice investigations into violations of the Foreign Corrupt Practices Act (FCPA) for making illicit payments to government officials in Africa and Asia.[10]
References edit
- ^ "Prysmian completes acquisition of General Cable".
- ^ "General Cable Corporation Governance -- Management". General Cable. Retrieved 12 January 2016.
- ^ "General Cable Corporation Governance – Board of Directors". General Cable. Retrieved 26 January 2016.
- ^ "General Cable Corporation Annual Report 2014". General Cable. Retrieved 19 July 2011.
- ^ "General Cable". Fortune. Retrieved 2019-01-30.
- ^ "General Cable Historical Highlights". General Cable. General Cable. Archived from the original on 2011-08-10. Retrieved 19 July 2011.
- ^ Ap (1981-02-25). "COMPANY NEWS; Penn Central Bid For GK Approved". The New York Times. ISSN 0362-4331. Retrieved 2015-01-05.
- ^ a b Gram, Cable (1998). The Evolution of GCC's Trademark Logo (Report). General Cable.
- ^ "General Cable Locations".
- ^ "SEC.gov | Wire and Cable Manufacturer Settles FCPA and Accounting Charges". www.sec.gov. Retrieved 2017-07-05.