Southwire is certainly able to provide cable. One of the world's largest cable and wire manufacturers, Southwire produces building wire and cable, utility and industrial power cable, cord products, telecommunications cable, and copper and aluminum rods. The company provides engineering, machining, and fabrication services, as well as electronic inventory management. It also offers copper products, such as bare copper and line wire, to the semiconductor market. Southwire customers include building contractors, utility companies, and OEMs in the areas of automotive, electrical, appliances, and industrial equipment. Founded in 1950 by Roy Richards Sr., Southwire is owned by the Richards family.
Southwire divides its operations into four distinct business segments: Energy, Electrical, OEM, and SCR Technologies. Each segment targets a specific group of customers located throughout Canada, Latin America, and the US.
Over the past 60 years the company has positioned itself as a one-stop shop for customers. Southwire continues to focus on developing its core operations and product portfolio. Further, the company deepens its market presence by fostering a nationally-linked distribution network.
Strategic acquisitions have fueled Southwire's growth. The company purchased Tappan Wire & Cable in mid-2010. New York-based Tappan complemented Southwire's custom, portable-cord offerings with a slew of telecommunications and electronic cables, including security and access control, coaxial video, fire alarm, home automation/combination, and commercial sound/intercom lines.
The deal followed Southwire's acquisition in early 2010 of certain assets of Rhode Island-based American Insulated Wire (AIW), a subsidiary of Leviton Manufacturing. AIW's brands and two manufacturing facilities in Kansas and Georgia strengthened Southwire's portfolio with copper building wire, an offering with a high profit margin. – less