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Article: Joint Venture Fiber Optic Cable Company Formed by General Cable and SpecTran
- Article from:
- PR Newswire
- Article date:
- December 26, 1996
CopyrightCOPYRIGHT 1996 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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HIGHLAND HEIGHTS, Ky. and STURBRIDGE, Mass., Dec. 26 /PRNewswire/ -- Stephen Rabinowitz, President and CEO of General Cable Corporation and Raymond Jaeger, Chairman of SpecTran Corporation (Nasdaq: SPTR), announced the formation of a joint venture company for the development, manufacture and marketing of fiber optic cable. The new entity, which will initially build upon the products, assets and facilities of Applied Photonic Devices (APD) -- previously a wholly-owned SpecTran Corporation subsidiary -- will be called General Photonics. SpecTran and General Cable will each hold a 50% ownership interest in the new company.
In making the announcement, Dr. Jaeger ...