Thomas & Betts Buys Cable Management Group

Thomas & Betts (www.tnb.com) has acquired Cable Management Group, a privately held, global manufacturer of cable protection systems specified in industrial and infrastructure/construction applications, for approximately $110 million from available cash reser...

Thomas & Betts (www.tnb.com) has acquired Cable Management Group, a privately held, global manufacturer of cable protection systems specified in industrial and infrastructure/construction applications, for approximately $110 million from available cash reserves. Based in Birmingham, U.K., CMG reported sales of approximately $44 million for the fiscal year ended July 31.
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