Southwire acquiring American Insulated Wire assets from Leviton
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.
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