International Wire Group Acquires Owl Wire and Cable
Dec 6, 2019
Transaction Will Add Owl’s Unique Strength in Copper Wire to IWG’s Global Manufacturing Footprint, Market-Leading Position
December 06, 2019 04:50 PM Eastern Standard Time
CAMDEN, N.Y.--( BUSINESS WIRE )--International Wire Group (IWG) announced today that it has acquired Owl Wire and Cable (Owl) from Marmon Holdings, Inc. Owl is a producer of high volume, heavy bare and tinned wire with operations in Canastota, Rome and Boonville, New York. Founded in 1954 as a family-owned business, Owl has been a recognized leader in copper wire for over six decades. IWG is the market leader and the largest bare copper wire and copper wire products manufacturer in the United States with operations in Europe. With broad manufacturing and in-house engineering capabilities, IWG’s highly-skilled and experienced workforce offers fellow suppliers, distributors and OEMs the industry’s most robust and mission-critical product portfolio. It serves customers across the industrial and energy, electronics and data communications, aerospace and defense, medical products, automotive, and consumer and appliance industries. “This new partnership is a ‘win-win’ for the loyal customers and workforces of both IWG and Owl, and for the communities we are privileged to serve,” said IWG President and CEO Greg Smith. “By integrating Owl’s manufacturing capabilities and superior customer service into our already market-leading company, we will create a unique platform to serve current and future customers. The new IWG will continue to deliver high-quality, precise wire and cable products for mission-critical applications that power our global economy. We know the Owl team well, and are thrilled to welcome them to IWG,” said Smith. “We are thrilled to join the IWG organization. In doing so, the combination of IWG and Owl will bring an unparalleled benefit to the industry, one with the broadest and deepest capabilities to better serve our customers’ needs,” said Bob Raiti, President of Owl Wire and Cable. About International Wire Group Holdings, Inc.
International Wire Group Holdings, Inc., through its subsidiaries, is a manufacturer and marketer of wire products for other wire suppliers, distributors and original equipment manufacturers. Its products include a broad spectrum of copper wire configurations and gauges with a variety of electrical and conductive characteristics and are utilized by a wide variety of customers, primarily in the industrial and energy, electronics and data communications, automotive/specialty vehicles, aerospace and defense, medical products and consumer and appliance industries. The Company has twenty manufacturing facilities and one distribution facility located throughout the United States, France, Italy and Poland. For additional information, please visit www.internationalwiregroup.com .