[10/26/2009]

PLP recent acquisition

Preformed Line Products Company (Nasdaq: PLPC) announced today that it has signed a definitive agreement to acquire the assets and equity interests of the Dulmison Business (Dulmison) from Tyco Electronics Ltd. (NYSE: TEL). The transaction is expected to close within ninety days.

Dulmison designs, manufactures and markets pole line hardware and vibration control products for the global electrical utility industry. Dulmison is based out of Australia with operations in Thailand, Indonesia, Malaysia, China, Mexico and the United States. The acquisition of Dulmison will strengthen Preformed’s position in the power distribution and transmission hardware market and will expand its presence in the Asia-Pacific region.

Preformed’s Chief Executive Officer and President, Rob Ruhlman stated, “The acquisition of Dulmison brings with it a talented group of industry professionals with a keen understanding of our core products, technologies and customers. This, coupled with the complementary fit of Dulmison’s global business operations, will strengthen our overall product range and allow us to better serve our customers worldwide”.

Source: Preformed Line Products