wiredInUSA February 2017

Acquisition gives a lift

Southwire

has

acquired

Sumner

capability, drive operational excellence and accelerate growth. …The addition of Sumner gives us the opportunity to look ahead into new markets and channels and expand the range of solutions we can provide to our customers.” Brandon Moss, president of the tools and equipment division, added: “This acquisition provides a significant opportunity to help scale our tools and equipment business. …We will strengthen our company’s position in the contractor equipment market, develop new manufacturing capabilities and rapidly expand our presence in the industrial supply and rental channels. We do not anticipate that your day-to-day operations and business dealings with Southwire/Sumner will be impacted.”

Manufacturing, manufacturer.

a

material

lift

The acquisition includes Sumner’s manufacturing operations and corporate support functions in Houston and Langfang, China, as well as its direct sales and distribution operations in Canada, the UK and the Netherlands. Sumner’s 160 employees will remain with the company, and its manufacturing facilities will be integrated into Southwire’s business operations. Southwire chief executive Rich Stinson said: “We are excited to welcome the Sumner team to the Southwire family. This acquisition supports all three of Southwire’s key strategic goals: build organizational

Rich Stinson, Southwire chief executive

wiredInUSA - February 2017

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