Blue Diamond Industries Acquired by Hexatronic Group
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Hexatronic Enters US Market through Leading HDPE Conduit Manufacturer
Hexatronic Group, of Sweden, a leading manufacturer of solutions for the telecom industry in fiber infrastructure agreed to purchase Blue Diamond Industries, of Lexington, Kentucky a leading US manufacturer of HDPE conduit to the power and telecom marketplace. A definitive purchase agreement was signed on December 4th, 2017, with a closing scheduled in January 2018. Hexatronic USA will locate in Lexington, Kentucky.
The merger brings together two well regarded companies in telecom infrastructure. Hexatronic, a trailblazer in microduct and fiber infrastructure technology, partners with Blue Diamond, a premier HDPE conduit company in the eastern US. The combination provides a complete outside plant fiber infrastructure solution from the head end to the user, to service the cloud, broadband, Wi-Fi, mobile, 5G and other data related industries. Hexatronic is experienced in microduct and fiber manufacturing, and additionally combines outside plant structures and tools to offer complete systems in the US. Blue Diamond manufactures HDPE microduct and conduit in larger sizes for the backbone of the telecom and power industries.
Blue Diamond, the second largest HDPE conduit company in the US, will be able to springboard from Hexatronic expertise, investment and experience in microduct technology. Recently, Blue Diamond moved into a new state of the art manufacturing facility and increased capacity by 25%. Sherri Simpson, Blue Diamond CEO states, “Hexatronic gives us the ability to increase our product offering and continue to make capital investments to meet the growing needs of our customers. Their unique knowledge of microduct and fiber will accelerate our product development and ability to offer a full line of products, including microduct systems. Blue Diamond will continue to be managed by the same team with a strong focus on customer relationships achieved by supplying quality products.”
Blue Diamond Industries, LLC is headquartered in Lexington, KY. Blue Diamond is a manufacturer of HDPE Conduit used to protect fiber and power cable. BDI products are used in communication, power, FTTH, highway and airport lighting, ITS, CATV, PTC and are RUS and UL listed. BDI is an ISO 9001:2015 certified company.
Hexatronic Group AB (publ) is a group that develops, markets and delivers products, components and system solutions with the main focus on the fiber optic market. Hexatronic offers a wide range of innovative system and product solutions mainly for passive fiber optic infrastructure with global trademarks like Ribbonet®, Micronet™, Drytech™, Lightmate®, FibreHub™, Matrix, Viper, Stringray and Wistom®. The Group, with an annual sales of approximately $175M and 400 employees, has its headquarters in Gothenburg, Sweden and has sales offices and/or subsidiaries in Sweden, Norway, Finland, United Kingdom, China, New Zealand and the US. The Group is listed on Nasdaq Stockholm under the ticker HTRO. For more information, visit www.hexatronicgroup.com.
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