Southwire signs agreement to acquire Tappan
Tappan supplies cable and cable solutions to electronic, signal/control and industrial markets.
Carrollton, Ga., July 23, 2010—Southwire Co. has announced that it has purchased New York - based Tappan Wire and Cable Inc. (Tappan). Tappan has headquarters and a manufacturing facility in Blauvelt, N.Y.
Tappan supplies the electronics, signal/control and industrial markets with products that include security and access control cable, coaxial video cable, fire alarm cable, plenum-rated cables, category cables, home automation/combination cables and commercial sound/intercom cable solutions. Tappan also makes a wide variety of specialty and custom electronics cables.
The Tappan acquisition is a natural progression for Southwire. The addition of telecommunications and electronic cables solidifies Southwire’s position as an industry-leading manufacturer of portable cord products, while also adding to Southwire’s ability to offer differentiated, custom products that provide value-added benefits to end users.
“This acquisition further strengthens our ability to provide world-class service to our customers,” said Stuart Thorn, president and CEO of Southwire Co. “Southwire can now leverage Tappan’s ability to respond to requests for custom products, pricing and availability in the cord, telecom and electronics product category.”
Carrollton, Ga.-based Southwire Co. entered the cord market in 1995 with TPE cord products and has steadily evolved the product line by improving manufacturing capabilities and, most recently, the acquisition of American Insulated Wire (AIW). The Tappan acquisition gives Southwire’s customers the ability to purchase a complete line of electrical products from one manufacturer.
“Tappan’s ability to manufacture a wide variety of products and custom constructions, combined with Southwire’s distribution network and its focus on innovation, provides strong growth opportunities for this line of products moving forward. Current Tappan customers can expect the same level of service and product availability they are accustomed to receiving,” said Darren Krych, president of Tappan Wire and Cable.
“By integrating Tappan’s products and manufacturing capabilities within Southwire, we will be better positioned to meet the needs of our channel partners and customers,” said Thorn.