WiredInUSA-November2015

INDEX

Southwire has purchased assets of Seatek Company Inc, a manufacturer of hand tools and motorized equipment for cutting metal-clad and armored cables. The acquisition includes substantially all of Seatek’s manufacturing assets as well as Seatek’s patents, trademarks, and brand names such as Roto-Split ® and Roto-Flex™. “Market demand for armored cable is expected to grow over the next several years,” said Brandon Moss, Southwire president, tools and assembled products division. According to Seatek founder Lucien Ducret: “This acquisition is a perfect pairing of two US-based industry leaders. Southwire is the leading manufacturer of armor-clad cables. Seatek is the leader in making the tools that are used to cut and prepare armored cables on the job site. I am confident that these two family-owned companies will continue their long-standing traditions of creating innovative products that will benefit the professional tradesman and improve their safety and efficiency installing armored cables.” The acquisition brings a variety of products in the armor cable cutter and cable stripper category to the Southwire hand tool product line. “Southwire always has a keen interest in strengthening its domestic hand tool manufacturing base,” added Dan Irvin, Southwire director of hand tools. “This acquisition both strengthens our product portfolio and marks a significant investment in our manufacturing capabilities.” Company LLC

Acquisition makes cuts

wiredInUSA - November 2015

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