Southwire acquiring American Insulated Wire assets from Leviton
January 21, 2010
Leviton Manufacturing Co. Inc. has signed a definitive agreement with Southwire Co. to sell certain assets of American Insulated Wire Corporation (AIW), a subsidiary of Leviton.
“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.
In the agreement, Southwire will acquire the AIW brands and manufacturing facilities in Douglas, Ga., and Coffeyville, Kan., both of which produce a variety of electrical wire and cable products for the commercial, industrial and OEM markets. The purchase is expected to close by the end of February.
“American Insulated Wire was acquired in 1936 and has been an integral part of Leviton ever since. However, as we continue to shift our offering to more value-added systems and solutions, we no longer see AIW’s wire and cable products as strategic to the future direction of the Leviton Co.,” stated Donald J. Hendler, Leviton president and CEO.
CLICK HERE for Southwire.
CLICK HERE for Leviton.
In the agreement, Southwire will acquire the AIW brands and manufacturing facilities in Douglas, Ga., and Coffeyville, Kan., both of which produce a variety of electrical wire and cable products for the commercial, industrial and OEM markets. The purchase is expected to close by the end of February.
“American Insulated Wire was acquired in 1936 and has been an integral part of Leviton ever since. However, as we continue to shift our offering to more value-added systems and solutions, we no longer see AIW’s wire and cable products as strategic to the future direction of the Leviton Co.,” stated Donald J. Hendler, Leviton president and CEO.
CLICK HERE for Southwire.
CLICK HERE for Leviton.
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