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Torque Capital-backed Cable Manufacturing & Assembly completed the acquisition of Cablecraft Motion Controls from Madison Industries for $20m.

Synopsis

Torque Capital-backed Cable Manufacturing & Assembly, a manufacturer of various types of electronic and mechanical cables, completed the acquisition of Cablecraft Motion Controls, a designer and manufacturer of mechanical motion control products, from Madison Industries, a company that builds branded market leaders, for $20m. "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," Dan Pappano, CMA CEO.

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