Jan 20 2010
Southwire Company today announced that it has signed a definitive agreement to purchase certain assets of Rhode Island based American Insulated Wire Corporation (AIW), a subsidiary of Leviton Manufacturing Co. Inc.
Southwire will acquire the AIW brands and two manufacturing facilities in Douglas, Georgia, and Coffeyville, Kansas, both of which produce a variety of electrical wire and cable products for the commercial, industrial, retail and OEM markets. The purchase is expected to close by the end of February.
“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.