Lake Cable, a fourth-generation U.S. wire and cable manufacturer, celebrated the official opening on Oct. 16 of the company’s newest expansion: an existing 180,000-sq-ft building formerly owned by bearings manufacturer Regal Beloit that is located adjacent to its plant on Evans Avenue in Valparaiso, Indiana.

“Lake Cable is very proud to be a member of the great Valparaiso community,” said Lake Cable CEO Bill Runzel, who was joined by Valparaiso, state and other leaders in celebrating the opening of the company’s newest facility. “This new facility allows Lake Cable to continue to expand our successful industrial power insulated cable business.”

Runzel noted that since Lake Cable started its plant in Valparaiso in 2013, the operation has grown to 368,000 square feet under roof and nearly 200 employees. In the last two years, the company has invested more than $7.5 million in new equipment, and it will be installing new production lines and hiring more people from the Valparaiso community in the next few years.

The company had long been interested in the Regal Beloit building, which was closed, but it had only become available a while ago. It was in good shape, and the extra capacity it will offer Lake Cable makes it a sound addition.
Established in 1995, Lake Cable has more than 620 employees throughout its five locations in Indiana and Illinois. Lake Cable manufactures UL listed low voltage electronic, industrial, utility, custom OEM and broadcast quality cable.

Lake Cable also believes in giving back to charities such as MS and pediatric cancer, by actively supporting a wide range of fund-raising events over the years. Some of those include the Veterans Airlift Command, the Runzel Brothers Spring Shoot and MuckFest MS Chicago.