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Coleman Cable to Acquire Electrical Products Business
Waukegan, IL — Coleman Cable, Inc. (Nasdaq: CCIX) has entered into a definitive agreement to acquire the electrical products business of Katy Industries, Inc. (Katy) (OTCBB: KATY), which operates in the United States as Woods Industries, Inc. The principal business of Woods U.S. and Woods Canada is the design and distribution of consumer electrical corded products, which are sold principally to national retailers.

Coleman Cable will purchase certain assets of the U.S. subsidiary and all the stock of the Canadian subsidiary. For the full year of 2008, Coleman Cable estimates that the acquisition will contribute to its financial results approximately $125 million of additional revenues, approximately $10 million of additional operating income and approximately $0.20 of additional earnings per share.

For more information, contact: Coleman Cable Inc., 1530 Shields Drive, Waukegan, IL 60085 800-323-9355 Web: http://www.colemancable.com

 
 

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