Washington, D.C.-based The Carlyle Group has acquired Hickory-based CommScope, the companies announced today.
Stock for CommScope, which provides infrastructure solutions for communications networks, will be delisted for trading. Thursday was the last day the stock was traded on the New York Stock Exchange.
Marvin Edwards, CommScope’s president and chief operating officer, is now president and CEO, succeeding Frank Drendel, who has been CommScope’s CEO since founding the company in 1976.
Edwards has also joined CommScope’s board of directors.
Drendel will continue as the chairman of the board.
“Our merger with Carlyle is the start of a new phase for CommScope, and the company is well-positioned to excel in helping customers while benefiting from key industry drivers such as cloud computing, mobility, video and social networking,” Drendel said.