Latest from Industry
AD-IMARK Finalize Merger
Southwire Co., Carrollton, Ga., announced that it is acquiring building wire manufacturer United Copper Industries, Denton, Texas. United Copper is the third largest manufacturer of building wire in the United States, producing a full line of copper building wire products and metal clad cables.
United Copper Industries has a workforce of approximately 300 employees and a 450,000 sq ft facility in Denton that includes 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.
Southwire said the acquisition expands its manufacturing capabilities in the core building wire products segment and enhances Southwire’s geographical footprint, increasing the ability to respond to customer growth in key markets.
“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, 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.”
UPDATE: Electrical Marketing subscribers can read the full story here:
Southwire Bolsters Building Wire Offering with Purchase of United Copper Industries