Cobra Wire & Cable is excited about being part of EIS, Inc.

Cobra Wire and Cable is excited about being part of EIS, Inc. and Genuine Parts Company, a Fortune 500 family of companies. See press release below.

Atlanta, GA, September 1, 2011 - EIS Inc. (“EIS”), a wholly-owned subsidiary of Genuine Parts Company (NYSE: GPC), announced today that they have acquired the stock of Cobra Wire & Cable Inc. (“Cobra”) from Merit Capital Partners and Fulton Capital. Cobra has headquarters and a distribution facility in Hatboro, Pennsylvania and additional distribution locations in Plano, Texas and Seattle, Washington. Cobra serves the telecom, battery, uninterruptible power supply (UPS) and marine markets.

Bob Thomas, President and CEO of EIS, stated, “This acquisition is consistent with our strategy to grow our current specialty wire and cable business into targeted adjacent markets. Cobra will operate as a separate division of EIS and continue operations with all existing customers and suppliers from their current facilities. We are pleased to welcome the Cobra team to the EIS and the Genuine Parts Company family.”

Peter Sheehan, President of Cobra Wire and Cable will lead the Wire and Cable Division of EIS. He stated “Cobra is very excited to join EIS and Genuine Parts Company. We look forward to playing an active role in their continued expansion into the specialty wire and cable business”.

EIS is one of North America’s leading distributors of process materials; production supplies and value added fabricated parts. In addition to wire and cable, primary markets for EIS are the electrical OEM, apparatus repair and various assembly markets. EIS supplies over 100,000 critical products from 38 branches and 3 fabrication facilities located in North America.