24 Aug, 2021, 08:00 ET
BOLIVAR, Ohio, Aug. 24, 2021 /PRNewswire/ -- Cable Manufacturing & Assembly ("CMA"), a Torque Capital Group portfolio company, announced today that it has completed the purchase of Cablecraft Motion Controls ("Cablecraft"), a leading designer and manufacturer of high-performance, critical application mechanical motion control products. Based in New Haven, IN, Cablecraft has a rich history of providing proprietary, highly engineered motion control products to market leaders in the heavy truck, engine controls, construction and agriculture industries.
Dan Pappano, Chief Executive Officer, CMA commented, "Cablecraft is a preeminent brand in the motion controls market with a reputation for superior engineering and product reliability. This transaction brings together two iconic brands in mechanical motion controls creating a global leader in the design and manufacture of control cables, linkages, assemblies, actuation systems, and related components. Leveraging our combined capabilities, technologies and expertise will offer significant benefit to our valued customers while creating meaningful growth opportunities."
Jonathan Saltzman, Managing Partner, Torque Capital Group, said, "This is our second addition to the CMA platform following our acquisition of Glassmaster Controls earlier this year. We are thrilled with the addition of Cablecraft which will accelerate CMA's ambitious growth plans. Cablecraft's complementary product portfolio and breadth of customer application knowledge, along with its recognized brand and reputation, make it an ideal fit with our focus to further grow and diversify CMA's ability to provide a broad portfolio of mission-critical motion control solutions to a variety of end markets."
About Cable Manufacturing & Assembly
Safely connecting the world through excellence in cable assembly solutions since 1974, CMA has become an industry leader in mechanical cables and controls. Its products include push-pull and pull-pull cables, safety/restraint cables and actuation systems. Known for providing application solutions through engineering support to its customers, CMA has continued to expand its product line and customer base in the automotive, marine and power sports industries, selling its products to the leading OEM's within their respective industries. CMA recently launched its PerformaxTM line of control cables, offering a branded customizable solution that are designed for application driven performance.
About Torque Capital Group
Torque Capital Group is a lower-middle market private equity firm that takes an operational approach to investing in businesses at a critical inflection point. Torque deploys patient capital behind North American based manufacturing, niche / enthusiast branded products, and supply chain service companies, with a particular expertise in transportation markets. We serve as a resource to our portfolio company management teams, and offer strategic, operational, and financial resources to accelerate the building of long-term value for all stakeholders.
Vice-President Sales & Marketing
Torque Capital Group Contact: Jonathan Saltzman
SOURCE CMA Cable
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