TE Connectivity Acquires Richards Manufacturing Co.
April 1, 2025
TE Connectivity plc has completed the acquisition of Richards Manufacturing Co., a North American manufacturer of utility grid and underground distribution equipment. The deal will strengthen TE's capabilities and market position serving utilities amid a North American grid replacement and upgrade cycle, with Richards' management continuing to run the business during integration.
- Buyers
- TE Connectivity plc
- Targets
- Richards Manufacturing Co.
- Industry
- Manufacturing
- Location
- New Jersey, United States
- Transaction Type
- Buyout
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