MANSFIELD â€“ A Georgia company has acquired American Insulated Wire Corp., an 86-year-old business that was based in Rhode Island until it moved its corporate headquarters to Massachusetts a few years ago. Financial terms were not disclosed.
Southwire Co. said it purchased all of American Insulated Wireâ€™s assets, including the firmâ€™s brands and its factories in Douglas, Ga., and Coffeyville, Kan., both of which produce building wire products for commercial and industrial customers and original equipment manufacturers.
Southwire CEO Stuart Thorn said American Insulated Wireâ€™s â€śproduct diversity and strong manufacturing expertise make it a perfect fit for Southwireâ€™s commitment to industry-leading service for our customers.â€ť
American Insulated Wire was founded in 1924, according to corporate documents. It had been a subsidiary since 1936 of Melville, N.Y.-based Leviton Manufacturing Co. Inc., a manufacturer of electrical and electronic products.
For years, AIW was headquartered in Pawtucket â€“ opening a new plant at the former home of Superior Telecom Inc. in 2000 â€“ but moved to Mansfield sometime after 2005. A decade ago, the company employed about 700 workers at a manufacturing facility in South Attleboro, as well.
â€śAmerican Insulated Wire â€¦ has been an integral part of Leviton,â€ť Leviton President and CEO Donald J. Hendler said last month. â€śHowever, as we continue to shift our offering to more value-added systems and solutions, we no longer see AIWâ€™s wire and cable products as strategic to the future direction of the Leviton Company.â€ť
Join PBN for the best networking event and party of the winter - January 15, 2015 - the Book of Lists Party at the Providence Public Library. Reserve your spot by December 31st and get a holiday gift from PBN!
PBN's annual Book of Lists has been an essential resource for the local business community for almost 30 years. The Book of Lists features a wealth of company rankings from a variety of fields and industries, including banking, health care, real estate, law, hospitality, education, not-for-profits, technology and many more.