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Genuine Parts Company (NYSE: GPC) has announced that its Electrical Group, EIS, Inc. has acquired the stock of Cobra Wire & Cable, Inc. from Merit Capital Partners and Fulton Capital.
Cobra, headquartered in Hatboro, Pennsylvania, is a specialty wire and cable distributor serving the telecom, battery and uninterruptible power supply (UPS) and marine markets. Its customers are served from three distribution facilities, with one in Hatboro, Pennsylvania (Philadelphia), Plano, Texas (Dallas) and...