Southwire Co., Carrollton, Ga., completed its acquisition of Cable Tech’s wire and cable assets. These assets include Cable Tech’s plant in Stouffville, Ontario, which manufactures wire and cable products used in the residential, commercial construction and original equipment manufacturer (OEM) markets.
Last year, Southwire announced it would invest an additional $250 million in new facilities and equipment. This Cable Tech acquisition is part of that plan, the company said, further demonstrating Southwire’s commitment to the Canadian and North American wire and cable markets.
Southwire said it plans capital investments that will bring the Stouffville facility to higher manufacturing standards and optimization, including installing new, state-of-the-art equipment.