Southwire Expands Tools & Equipment Product Offering
Southwire Co., Carrolton, GA, acquired Sumner Manufacturing of Houston, TX, a manufacturer of material lifts, jack stands, welding tools, material carts and other tools and equipment for the construction market. Sumner is a supplier to the welding and mechanical contracting industries and has a market presence in more than 50 countries around the world.
“This acquisition provides a significant opportunity to help scale our Tools and Equipment business. Sumner’s manufacturing capabilities and distribution network will help us achieve our team’s growth expectations over the next few years,” Brandon Moss, president of Southwire’s Tools and Equipment business, said in a press release. “We will strengthen our company’s position in the contractor equipment space, develop new manufacturing capabilities and rapidly expand our presence in the industrial supply and rental channels.”
The acquisition includes manufacturing operations and corporate support functions in Houston and Langfang, China, as well as sales and distribution offices in Canada, the United Kingdom and the Netherlands. The addition of Sumner will welcome more than 160 employees to the Southwire workforce.
Southwire and Sumner share a small amount of product overlap; therefore, most of Sumner’s more than 350 products will help expand Southwire’s equipment catalog. Sumner’s existing manufacturing capabilities will be integrated into Southwire’s business operations and will provide customers with a comprehensive product offering of contractor equipment solutions.
“The purchase of Sumner is another representation of our company’s commitment to building a business that differentiates itself from our competition through innovation and excellent service,” said Norman Adkins, president of Southwire’s Construction Systems and Solutions group. “By adding this manufacturing capability to our lineup of operations, we further support our plans to grow our tools and equipment business for the long term.”
“We are excited to welcome the Sumner team to the Southwire family. This acquisition supports all three of Southwire’s key strategic goals: build organizational capability, drive operational excellence and accelerate growth,” said Rich Stinson, Southwire’s president and CEO. “Each day, we seek new ways to drive innovation and help further develop an organization that will be generationally-sustainable. The addition of Sumner gives us the opportunity to look ahead into new markets and channels and expand the range of solutions we can provide to our customers.”
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Jim Lucy Blog
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Jim Lucy has been wandering through the electrical market for more than 30 years, most of the time as an editor for Electrical Wholesaling, Electrical Marketing newsletter and CEE News. During that time he and the editorial team for the publications have won numerous national awards for their coverage of the electrical business. He showed an early interest in electricity, when as a youth he had an idea for a hot dog cooker. Unfortunately, the first crude prototype malfunctioned and the arc nearly blew him out of his parents' basement. Before becoming an editor for Electrical Wholesaling magazine and Electrical Marketing, he earned a BA degree in journalism and a MA in communications from Glassboro State College, Glassboro, NJ., which is formerly best known as the site of the 1967 summit meeting between President Lyndon Johnson and Russian Premier Aleksei Nikolayevich Kosygin, and now best known as the New Jersey state college that changed its name in 1992 to Rowan University because of a generous $100 million donation by N.J. zillionaire industrialist Henry Rowan. Jim is a Brooklyn-born Jersey Guy happily transplanted in the fertile plains of Kansas for the past 20 years.