Power Grid Components Announces Newell's Partnership with GAMMA Insulators for Composite Distribution Insulators
BESSEMER, Ala.--(BUSINESS WIRE)--Power Grid Components ('PGC'), a Blackstone portfolio company, is pleased to announce an exclusive agreement between its subsidiary, Newell, and GAMMA Insulators ('GAMMA'). As part of this agreement, Newell will expand its product line to include GAMMA's composite distribution insulators for the North American market. This strategic addition reflects PGC's commitment to strengthening its commercial capabilities and supporting the evolving needs of customers in the North American utility sector.
'GAMMA's expertise in producing high-quality insulators will be instrumental in enhancing our capabilities to service customers in the North American market."
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'At PGC, we seek manufacturers who share our values and our commitment to delivering reliable products for the growing electrical grid,' said Rick Stanley, President of Newell. 'GAMMA's expertise in producing high-quality insulators will be instrumental in enhancing our capabilities to service customers in the North American market. By leveraging GAMMA Insulators' manufacturing capabilities in Colombia, this strategic agreement significantly strengthens Newell's nearshoring efforts. This move ensures more reliable service through reduced lead times, improved logistics, and greater control over our supply chain, ultimately benefiting Newell's North American customers. Furthermore, GAMMA's unique offering of porcelain F-neck and aluminum F-neck line posts differentiates Newell's offerings from the current market.'
GAMMA brings over 60 years of experience in insulator manufacturing with a proven track record as a leading producer in the Central and South American markets.
'GAMMA has been a leading producer of insulators for over 60 years,' said Claudia Arango Botero, General Manager, Energy Business, at GAMMA. 'In this new chapter, we look forward to continuing to provide leading engineered products and adding capacity and service capability to the PGC commercial teams.'
PGC remains focused on expanding its product lines within the electrical grid segment. These products are used in mission-critical applications with a strong focus on electrical substations and overhead distribution lines.
About Power Grid Components:
Power Grid Components, Inc. was formed by electrical utility veteran Rick McClure in 2017 to acquire and grow companies that supply products used in the North American electric power grid and adjacent industries. Since its founding, PGC has acquired eight businesses. Today, PGC is a supplier of high-voltage disconnect switchgear, high-quality porcelain and glass insulators, instrument transformers, outside plant hardware, controlled switching devices, power distribution products, and fixed-load transformers. Power Grid Components
About Newell:
A decades-long preferred manufacturer and supplier of solid core station posts, Newell has expanded its product line to include overhead line products. The company now has one of the broadest porcelain offerings in the United States, with products that include station posts, line posts, transmission suspension and distribution insulators, and apparatus porcelain. All Newell products meet or exceed ANSI, IEC, and IEEE standards, ensuring the highest levels of quality and reliability. Newell
About Gamma:
GAMMA Insulators, a subsidiary of Corona, is a leading manufacturer of electrical and utility line products based in Colombia. GAMMA specializes in isolation equipment and solutions for electric utilities, equipment manufacturers, and distributors. With over 60 years of experience, GAMMA Insulators operates state-of-the-art, ISO-certified manufacturing facilities to produce high-quality solutions for the global utility market. Gamma
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