wiredInUSA December 2016

The Rea Magnet Wire Company and Magnekon, a division of Viakable, have announced their intention to form a joint venture to servemagnet wire customers in North America. The transaction is currently under regulatory review in Mexico, due to governmental filing requirements. The joint venture will combine the assets of both companies, and will include the Kemek enamel manufacturing plant. Rea will own the majority interest in the venture, which will be named Rea Magnekon and be headquartered in Fort Wayne, Indiana. “This agreement represents each organization’s strong commitment to provide customers with the best overall value in magnet wire, and related wire products, and will better enable us to meet the expressed needs of our North American customers,” said Scott Harrison, CEO/president of Rea Magnet Wire Company. Manufacturers drawn together

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