PLP acquires Maxxweld Conectores Elétricos Ltda. for BRL 63M (~$11.2M)

PREFORMED LINE PRODUCTS CO

Acquired all shares of Brazilian substation connector maker Maxxweld for BRL 63M (~USD $11.2M), with BRL 10M holdback.
Maxxweld, founded 1991 in Curitiba, Brazil, designs high voltage AC substation connector systems and accessory hardware.
Acquisition expands PLP's global substation business and operational capabilities in South America.
CEO Rob Ruhlman stated acquisition enhances ability to service utility customers in region and globally.

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