Southwire Announces Acquisition of United Copper Industries
Acquisition strengthens Southwire’s core business in the building wire products market
CARROLLTON, Ga., Sept. 20, 2016
CARROLLTON, Ga., Sept. 20, 2016 /PRNewswire/ — Southwire Company, LLC announces the acquisition of United Copper Industries of Denton, Texas. The acquisition expands Southwire’s manufacturing capabilities in the company’s core building wire products segment and enhances Southwire’s geographical footprint, increasing the ability to respond favorably to customer growth in key markets.
United Copper is the third largest manufacturer of building wire in the United States, offering a full line of copper building wire products and metal clad cables. The company has a workforce of approximately 300 employees.
“At Southwire, we remain committed to growth within our core markets. This acquisition provides us with an opportunity to expand one of our largest product offerings for both electrical wholesalers and retail customers,” said Norman Adkins, Executive Vice President and President of Southwire’s Construction Systems and Solutions Group. “As we focus on the ever-developing needs of our customers, the addition of United Copper will help to expand our operational footprint to grow with them.”
The 450,000 square foot facility in Denton, Texas is comprised of sales and support resources, a copper rod mill, a manufacturing plant and distribution resources. Southwire plans to fully integrate this campus into Southwire’s existing operations so that the campus will serve as a strategically-located facility with opportunities for long-term operations, expansion and increased capacity.
“This acquisition supports all three of Southwire’s key strategic goals: to build organizational capability, drive operational excellence and accelerate growth,” said Rich Stinson, Southwire president and CEO. “We will extend our company’s position in our core building wire products as we grow a generationally sustainable organization.”
A leader in technology and innovation, Southwire Company, LLC, is one of North America’s largest wire and cable producers. Southwire and its subsidiaries manufacture building wire and cable, metal-clad cable, portable and electronic cord products, utility products, OEM wire products and engineered products. In addition, Southwire supplies assembled products, contractor equipment and hand tools. For more on Southwire’s products, its community involvement and its vision of sustainability, visit www.southwire.com.
2016 Southwire Company, LLC.
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SOURCE Southwire Company, LLC