Prestolite Wire Acquires Automotive Accessories Business.HAMPTON, N.H.--(BUSINESS WIRE)--Dec. 1, 1999-- Prestolite Wire Corporation has acquired the Speed Clip division of Exide Corporation (NYSE NYSE See: New York Stock Exchange :EX) for approximately $6 million in cash plus the assumption of certain liabilities. Speed Clip, located in Bristol, Tenn., is an automotive aftermarket Aftermarket See: Secondary market. aftermarket See secondary market. business that manufactures more than 2,700 products, including battery cables, booster Booster - A data-parallel language. "The Booster Language", E. Paalvast, TR PL 89-ITI-B-18, Inst voor Toegepaste Informatica TNO, Delft, 1989. cables and battery accessories. Prestolite Wire sees the addition of the Speed Clip product line as a core component of its growing aftermarket business. Exide (www.exideworld.com) is the world's largest manufacturer of automotive and industrial lead-acid batteries Noun 1. lead-acid battery - a battery with lead electrodes with dilute sulphuric acid as the electrolyte; each cell generates about 2 volts lead-acid accumulator . Prestolite Wire (www.prestolitewire.com), a private corporation, is a leading manufacturer of systems, assemblies, wire and cable for automotive, industrial and telecommunications markets. |
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