wiredinUSA November 2013

INDEX

$95m investment and 375 jobs Southwire is to invest $95m and create 375 jobs by expanding its presence in Carroll County, Georgia, over the next four years. MAKING THENEWS

“Southwire continues to pursue meaningful growth across all of our markets as we strive to become and remain leaders in each of those businesses,” said Southwire President and CEO Stu Thorn. “These facilities and the new jobs they provide are tangible proof of that commitment. They also demonstrate our commitment to focus new growth in our hometown of Carrollton, which has contributed immeasurably to our success.” Southwire delivers power to millions of people around the world. In fact, one in three homes built in the United States contains wire made by the company. Half of the utility cable used to distribute electricity throughout the country is manufactured by Southwire. The company also provides cable and wire solutions for the commercial, industrial and OEM markets and recently launched a line of electrician’s tools to complement its Maxis brand of contractor equipment.

The company, a manufacturer of wire and cable used in the distribution of electricity, has purchased a 144,000ft 2 facility in Villa Rice and has entered into a contract with Sony Music Holdings to purchase its 635,000ft 2 facility in Carrollton. The purchase is contingent upon completion of a 120-day due diligence period. Governer Nathan Deal, in announcing the expansion, said: “Southwire continues to expand its presence within Georgia. This homegrown company was founded here decades ago, and its growth in Georgia reflects theadvancedskillsof our dedicated workforce as well as its overall satisfaction with our business-friendly environment.” Founded in 1950, Southwire remains headquartered in Carrollton and has a long track record of creating and retaining jobs in the state. In 2011 and 2012, the company created more than 600 jobs in Carroll County and 89 jobs in Coffee County.

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wiredInUSA - November 2013