The Cleveland, Ohio-based holding companies Hunter Valley Company and the Vitruvian Group, have acquired Radix Enterprises (Radix), a leading manufacturer and global supplier of UL, CSA and factory rated high-temperature and high-performance insulated electrical wires and cables, for an undisclosed consideration.
Radix is headquartered in Euclid, Ohio with an additional plant in Aurora, Ohio. Radix sells its products to OEMs and industrial customers for use in consumer, industrial, commercial and numerous other applications. Radix holds significant market share in the industry and is well known among customers, suppliers and domestic and foreign competitors.
Radix’s owner, MaryLou VerMerris said, “We were looking to find a partner that could assist us in taking the business to the next level. I am confident that the Hunter Valley and Vitruvian team will continue to develop a strategic plan focused on growth opportunities.”
Oaklins' team in Cleveland served as the exclusive investment banker to Radix Enterprises in this transaction.
Mark A. Filippell
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