Honeywell’s Sweet Acquisition
“This is a strong fit for us because wire and cable plays an integral role in so many Honeywell systems,” said Ben Cornett, president of Honeywell Security. “It’s also the glue behind the connected home, so this nicely complements our recent acquisition of FutureSmart Systems. In its industry segment, Genesis is recognized as an innovator and has an exceptional reputation for providing quality and value.”
Genesis Cable has 270 employees at its office and factory in Pleasant Prairie, WI. The organization will be part of the Honeywell Security & Custom Electronics unit, which is a leading manufacturer of professional alarm systems and structured wiring products.
“We’re very excited to be part of Honeywell,” said Jim Coleman, president of Genesis Cable. “Our products provide the bandwidth that makes integration possible in homes and businesses. This will advance Honeywell’s strategy of bringing together security, fire, sound, home theatre, voice, data and energy management.”