Wiring and connectivity solutions manufacturer Leviton announced this week that it has agreed to sell assets of one of its subsidiaries, American Insulated Wire Corporation, to Southwire Company.
According to the agreement, Southwire will acquire AIW brands and manufacturing facilities in Douglas, Ga., and Coffeyville, Kan., which produce wire and cable products for commercial, industrial and OEM markets.
In a prepared statement, Leviton President and CEO Donald J. Hendler said that the products AIW makes are no longer vital to the company’s future.
“American Insulated Wire was acquired in 1936, and has been an integral part of Leviton ever since. However, as we continue to shift our offering to more value-added systems and solutions, we no longer see AIW’s wire and cable products as strategic to the future direction of the Leviton Company,” he said.
The deal is expected to close by the end of February.