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H O U W I R E Category 5/5E Cables


H O U W I R E Category 5/5E Cables
Source: Houston Wire & Cable Co.
Houston Wire & Cable Company s HOUWIRE brand now includes Category 5 and Category 5E cables, as well as a broad range of security and fire alarm cables.
Houston Wire & Cable Company s HOUWIRE brand now includes Category 5 and Category 5E cables, as well as a broad range of security and fire alarm cables. Created to help distributors better serve their electrical contractors, HWC has a suggested starter package of 25 common cables, which allows immediate market entry for distributors. A variety of these cables covers the will-call needs when the contractor is at the counter or is on the phone ready to place an order. For additional information, call 1-800-HOUWIRE (468-9473) or send an e-mail to HWC. ....

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1-17 National busiiness briefs


Houston Wire & Cable Co. to sell Southwest Wire Rope division
HOUSTON — Houston Wire & Cable Co. announced that it has entered into a definitive asset purchase agreement for the sale of its Southwest Wire Rope business for a purchase price of $5 million, subject to a working capital adjustment.
The sale excludes about $2.6 million of trade accounts receivable, which HWCC will retain. HWCC expects to use the net sales proceeds and accounts receivable collections to further reduce Revolver debt. HWCC has already reduced Revolver debt to about $21.4 million as of Jan. 13 from a peak of $95.2 million in first quarter 2020.
The transaction is subject to customary closing conditions and is expected to close in the first quarter. ....

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