EIS Inc. Atlanta, a wholly-owned subsidiary of Genuine Parts Company (NYSE: GPC), has acquired the stock of Cobra Wire & Cable Inc. from Merit Capital Partners and Fulton Capital. Cobra has a headquarters and distribution facility in Hatboro, Pa., and additional distribution locations in Plano, Texas, and Seattle. Cobra serves the telecom, battery, uninterruptible power supply (UPS) and marine markets.
Bob Thomas, president and CEO of EIS, said in a press release, “This acquisition is consistent with our strategy to grow our current specialty wire and cable business into targeted adjacent markets. Cobra will operate as a separate division of EIS and continue operations with all existing customers and suppliers from their current facilities.”
Peter Sheehan, Cobra Wire and Cable's president, will lead the new EIS Wire and Cable Division. EIS is a national distributor of process materials; production supplies and value added fabricated parts. In addition to wire and cable, EIS focuses on the electrical OEM, apparatus repair and various assembly markets. EIS supplies more than 100,000 critical products from 38 branches and three fabrication facilities located in North America.