Houston Wire & Cable

Houston Wire & Cable Company (NASDAQ: HWCC) is one of the largest wire and cable providers in America.[2][3] The company was founded in 1975 and based in Houston, Texas.[4] As of year 2011, the company provides service to about 6,000 customers with a customer base covering the industries of communications, energy, engineering, utility and transportation.[3] It was ranked in list of Top 200 Best Small Companies in America in 2009 by Forbes[2] The market capitalization of company is $240.05 million with an enterprise value(As of February 2014) of $278.93 million.[1] In February, 2014, the company joined Affiliated Distributors (AD), a dynamic community of independent distributors and manufacturers of construction and industrial products.[5]

Houston Wire & Cable Company
TypePublic
NASDAQ: HWCC
Russell Microcap Index component
Industryindustrial equipment wholesale
Founded1975
HeadquartersHouston, Texas,
United States
Services
  • electric utilities
  • natural gas
Revenue$393.23 Million (As of 2013) [1]
Websitehttp://www.houwire.com

History

The company was founded in 1975. In 1987, it completed its first initial public offering and was subsequently purchased in 1989 by ALLTEL Corporation.[6]

In 1997, the company was purchased by investment funds affiliated with Code, Hennessy & Simmons LLC, and then conducted a second public offering in 2006.[6]

In 2010, the company acquired Southwest Wire Rope, LLP and Southern Wire, LLC to broaden its product line.[7]

In February, 2014, it opened its newest distribution center in Odessa, Texas. The center can provide the customer with standard same-day shipment and will-call pickup in Odessa.[8]

References
Notes
  1. "HWCC Key Statistics | Houston Wire & Cable Company, Inc Stock - Yahoo! Finance". Finance.yahoo.com. Retrieved 2014-02-17.
  2. "Houston Wire & Cable Company Reuters.com". Reuters.com. 2009-11-30. Retrieved 2014-02-17.
  3. "Houston Wire & Cable Company Reuters.com". Reuters.com. Retrieved 2014-02-17.
  4. "HWCC Profile | Houston Wire & Cable Company, Inc Stock - Yahoo! Finance". Finance.yahoo.com. Retrieved 2014-02-17.
  5. "Houston Wire & Cable Company Joins Affiliated Distributors - Yahoo! Finance". Finance.yahoo.com. Retrieved 2014-02-21.
  6. "Houston Wire & Cable Co. Annual Report for 2012. Form 10-K - Annual report [Section 13 and 15(d), not S-K Item 405]". SEC.gov. 2013-03-18. Retrieved 2014-02-21.
  7. "Houston Wire & Cable Co. Official Website". houwire.com. Archived from the original on 2006-03-11. Retrieved 2014-02-21.
  8. "Houston Wire & Cable Company Opens A New Texas Distribution Center. Industrial Distribution". inddist.com. 2014-02-12. Retrieved 2014-02-21.
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