Southwire Co. signed an agreement with ABB Inc., to purchase a high-voltage and extra high-voltage underground transmission cable manufacturing plant in Huntersville, North Carolina.
Through the acquisition, which is expected to close in the third quarter, Southwire adds extra high-voltage cable products to its portfolio and expands its capacity to produce high-voltage cable, a market in which it already is a leading manufacturer.
The 240,000-square-foot, 3-year-old plantfeatures state-of-the-art technology for producing high-voltage and extra high-voltage underground transmission cables, ranging from 230kV to 400kV. Helping to strengthen North America’s power transmission infrastructure, these cables distribute massive amounts of electricity and renewable energy – including wind and solar – in support of the nation’s smart grid initiative.
Southwire’s Energy Division supplies a full-line of wire and cable and provides technical leadership in the power delivery market. Positioned on a 20-acre site in Commerce Station Business Park, the Huntersville plant fits nicely with Southwire’s family of manufacturing facilities and customer service centers in the United States, Canada, Mexico, Honduras and China.
Southwire Co., LLCis North America’s largest wire and cable producer. The company and its subsidiaries manufacture utility wire and cable, building wire and cable, industrial power cable, OEM wire products, SCR® copper and aluminum rod and continuous casting technology.