Clearfield completed the acquisition of Nestor Cables for $23m.

Clearfield, a provider of fiber management and connectivity platforms for communication service providers, completed the acquisition of Nestor Cables, a developer and manufacturer of fiber optic cable solutions, for $23m. “Closing the acquisition of Nestor is a significant accomplishment for Clearfield, and we are thrilled to welcome the Nestor team to Clearfield at this important moment for the fiber broadband industry. Our relationship with Nestor spans over a decade, as a developer and component supplier for our growing FieldShield product line. The strategic acquisition enables us to vertically integrate the design and supply of FieldShield cable to meet future customer demand, particularly in the North American market. Furthermore, we intend to expand fiber optic cable production at our Mexico manufacturing facility beginning in early 2023, leveraging the Nestor team’s deep technical expertise. We look forward to working closely with the Nestor team to realize the many synergies that the combination offers our two companies," Cheri Beranek, Clearfield President and CEO.