Southwire Signs Agreement to Acquire AIW’s Assets

Thursday, Jan 21, 2010

Southwire Company today announced that it has signed a definitive agreement to purchase certain assets of Rhode Island based American Insulated Wire Corporation (AIW), a subsidiary of Leviton Manufacturing Co. Inc.

“Acquiring AIW will allow us to diversify our product offering while continuing to strengthen our position in our core copper building wire business”

Southwire will acquire the AIW brands and two manufacturing facilities in Douglas, Georgia, and Coffeyville, Kansas, both of which produce a variety of electrical wire and cable products for the commercial, industrial, retail and OEM markets. The purchase is expected to close by the end of February.

“Acquiring AIW will allow us to diversify our product offering while continuing to strengthen our position in our core copper building wire business,” said Stuart Thorn, Southwire CEO.

About Southwire Company

A leader in technology and innovation, Southwire Company is one of North America’s largest wire and cable producers. We manufacture building wire and cable, metal-clad (MC) cable, FlatWire Ready^® products, cord products, utility cable products, industrial power cable, OEM wire products, copper and aluminum rod and continuous casting technology. Southwire is also a leading supplier of wire and cable installation tools by MAXIS® to the commercial, industrial and utility construction markets. To learn more about our products, our community involvement and our vision for a sustainable Southwire, please visit us on the web at www.southwire.com.

 

Source: Business Wire