In 2016, Southwire reorganized into two business groups based on our approach to the market.
- Construction Systems & Solutions Group (CS&S)
- Power Systems & Solutions Group (PS&S)
These new groups build upon Southwire’s strengths and provide expanded opportunities to execute our key strategic initiatives. With this new structure, Southwire has organizational support and talent in place for continued success.
Southwire’s 2016 acquisitions bolstered our portfolio of innovative and sustainable products and positioned us for long-term growth. The following acquisitions strengthened our CS&S Group:
- September 2016: Southwire announced the acquisition of United Copper Industries, Inc. (UCI). The acquisition provides additional capacity and enhances Southwire’s geographical footprint, increasing the company’s ability to respond favorably to customer growth in key markets. The acquisition included a co-located wire and cable plant, copper rod mill and distribution center along with other corporate operations in Denton, Texas.Further, the United Copper acquisition helped Southwire round out our overall product offering, particularly in the area of electronic wire, lead wire and security wire, for several vertical markets including automotive, commercial security and industrial.
- December 2016: Southwire announced the acquisition of Sumner Manufacturing, Inc., a recognized leading manufacturer of material lifts, jack stands, welding tools, material carts and other tools and equipment for the construction market. Sumner is a key supplier to the welding and mechanical contracting industries and has a market presence in more than 50 countries around the world.