StageAcquired | Acquired
About Madison Electric Products
Madison Electric Products provides electrical equipment to the electrical supply and manufacturing industries. On July 27, 2020, Madison Electric Products was acquired by the Southwire Company, terms of the transaction were not disclosed.
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Latest Madison Electric Products News
Jul 29, 2020
Southwire acquires Madison Electric Products As part of the company's growth strategy, Southwire announces the acquisition of Madison Electric Products LLC of Solon, Ohio – a manufacturer of electrical components and accessories. The purchase of Madison Electric includes a headquarters operation in Solon, Ohio and a warehouse and distribution facility in Duluth, Georgia. 34 employees will join the Southwire team through this acquisition.“Madison's breadth of products and solutions are a strong complement to our growing tools, components and assembled solutions portfolio,” says Rich Stinson, Southwire's president and CEO, in a press release. “As I've said many times, it is our goal to remain generationally-sustainable for the next 100 years and beyond. The opportunities and innovations that the Madison team brings will support us on this journey.”“Madison Electric, with its focus on innovative products through its Sparks Innovation Center portal, is a tremendous fit with our growing components product line and the rest of our Tools, Components and Assembled Solutions,” says Brandon Moss, executive vice president of Southwire's Tools, Components and Assembled Solutions business group.
Madison Electric Products Frequently Asked Questions (FAQ)
Where is Madison Electric Products's headquarters?
Madison Electric Products's headquarters is located at 30575 Bainbridge Road, Solon.
What is Madison Electric Products's latest funding round?
Madison Electric Products's latest funding round is Acquired.
Who are the investors of Madison Electric Products?
Investors of Madison Electric Products include Southwire Company.
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