Leviton to Sell AIW Assets - ProSoundNetwork.com

Leviton to Sell AIW Assets

Melville, NY (January 28, 2010)-—Leviton has agreed to sell some assets of subsidiary American Insulated Wire to Southwire.
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Leviton HQ in Melville, NY
Melville, NY (January 28, 2010)-—Leviton has agreed to sell some assets of subsidiary American Insulated Wire to Southwire.

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Southwire will acquire the AIW brands and manufacturing facilities in Douglas, GA and Coffeyville, KS, both of which produce a variety of electrical wire and cable products for the commercial, industrial and OEM markets. The purchase is expected to close by the end of February.

“American Insulated Wire was acquired in 1936, and has been an integral part of Leviton ever since. However, as we continue to shift our offering to more value-added systems and solutions, we no longer see AIW’s wire and cable products as strategic to the future direction of the Leviton Company,” stated Donald J. Hendler, Leviton President and CEO.

Southwire manufactures 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 supplier of wire and cable installation tools by MAXIS to the commercial, industrial and utility construction markets.

Leviton
www.leviton.com

Southwire
www.southwire.com