APA Announces Business Structure and Name Change

APA Enterprises, a manufacturer of fiber optic and copper components to the telecommunication industry, has announced that it is combining its business operations with its wholly owned subsidiary, APA Cables & Networks, and will subsequently be changing its name to Clearfield.

The new business structure eliminates administrative redundancies, streamlines management functions and clarifies the operational focus of the organization. The company will continue to be traded on NASDAQ, with the CLFD symbol.

The change in business structure and change in company name is to provide a better understanding of what the company offers to telecommunications service providers and the original equipment manufacturers that look to the company for fiber management and passive connectivity expertise.

Cheri Podzimek, president and CEO of Clearfield, said: “We wanted our company name to better reflect the creative, problem-solving orientation of our engineering and sales staff. Clearfield illustrates our commitment to designing innovative passivity connectivity solutions that not only meet the unique network configuration and density requirements of our customers, but also capture their imaginations. We will continue to be creative and original in our approach but remain fully grounded – delivering products that are both practical and craft-friendly.”