ATLANTA, May 01, 2024 (GLOBE NEWSWIRE) — Superior Essex, a global leader in the magnet wire and communication cables industry, has successfully completed the acquisition of the remaining minority interest in Essex Furukawa Magnet Wire from Furukawa Electric Co., Ltd. Effective April 30, 2024, the completion of this transaction establishes Superior Essex as the sole owner of the brand, assets, and operations previously conducted by the global joint venture with Furukawa Electric.
Superior Essex is the parent brand of Essex Furukawa Magnet Wire, Superior Essex Communications, Essex Energy Italy, IVA, Lacroix + Kress, Hi-Wire, and Essex Brownell. It has over 3,000 employees in 11 countries, on three continents. Superior Essex is the leading, global provider of magnet wire and is on the forefront of communications fiber application as well as Power over Ethernet (PoE) technology. It is instrumental in creating disruptive technological advancements in the electrification of the automotive, energy, and industrial sectors. Superior Essex is committed to pioneering smart building technology while also setting the pace on sustainability. Superior Essex is Everywhere You Live and Work®. Additional information is available at superioressex.com.Since its establishment in 1884, Furukawa Electric Group has 127 group companies including Furukawa Electric Co., Ltd., and approximately 50,000 employees around the world. And provide a wide range of technologies, products, and services around the world for infrastructure fields such as information and energy, automotive systems fields, and electronics fields with our 4 core technologies of metals, polymers, photonics, high frequency. To learn more about Furukawa Electric, please visit furukawaelectric.com.
(GlobeNewsWire)