Southwire enhanced its capabilities with its new Dallas Fort Worth Customer Service Center, holding a grand opening on Aug. 22.
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Southwire will relocate nylon cable tie production to Honduras, and its lifts and welding tools production to third-party manufacturers.
The transaction is anticipated to close within the next 30 days, subject to customary closing conditions, the company said.
Southwire's future Texas facility will help streamline the company's product offering to the Southwest and Midwest U.S.
Norman Adkins will assume responsibility for Southwire's Tools, Components and Assembled Solutions business.
Wire and cable product manufacturer Southwire expects to increase production capacity by 30% with the expansion of its plant in Alabama.
The opening comes as Southwire expands its business following the acquisition of Topaz Lighting Corp. in December 2021.
The company reached a deal with Novinium Holdings, a Washington-based cable rejuvenation solutions provider.
The Georgia-headquartered company says the move supports its desire for ‘corporate sustainability' in the copper industry.
Southwire says the deal supports its growth strategy and builds toward a goal to remain generationally sustainable.
Southwire says the deal will serve as a “foundational element” for the development of digital services beyond utility at its company.
