MELVILLE, NY – Leviton Manufacturing Company, Inc. announced that it has signed a definitive agreement with Southwire Company to sell certain assets of American Insulated Wire Corporation (AIW), a subsidiary of Leviton.
In the agreement, Southwire will acquire the AIW brands and manufacturing facilities in Douglas, Ga. and Coffeyville, Kan., 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," said Donald J. Hendler, Leviton president and CEO.
For more information, please visit www.leviton.com .
