Market Moving News puts Southwire Co, leading the Stock to Watch List with its Recent Purchase of AIW.

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Southwire Company announced earlier today that it will be completing the asset purchase of American Insulated Wire Corporation (AIW); Rhode Island based Corporation which is a subsidiary of Leviton.

Southwire has obtained assets of AIW which include the AIW brands and two manufacturing facilities in Douglas, GA, and Coffeyville, KS, both of which produce a variety of building wire products for commercial, industrial and OEM markets.  

"Acquiring the AIW assets will allow Southwire to become stronger in construction, industrial, OEM and retail market segments and will enhance our ability to serve customers in the fast-growing renewable energy market," said Stuart Thorn, Southwire CEO.  "AIW's product diversity and strong manufacturing expertise make it a perfect fit for Southwire's commitment to industry leading service for our customers by offering the broadest range of wire and cable products available from one manufacturer."

About Southwire Company:

A leader in technology and innovation, Southwire Company is one of North America's largest wire and cable producers. We manufacture building wire and cable, metal-clad (MC) cable, FlatWire Ready® products, cord products, utility cable products, industrial power cable, OEM wire products, copper and aluminum rod and continuous casting technology. Southwire is also a leading supplier of wire and cable installation tools by MAXIS™ to the commercial, industrial and utility construction markets.

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