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Southwire
has
acquired
Sumner
Manufacturing,
a
material
lift
manufacturer.
The acquisition includes Sumner’s
manufacturing operations and corporate
support functions in Houston and
Langfang, China, as well as its direct sales
and distribution operations in Canada,
the UK and the Netherlands. Sumner’s
160 employees will remain with the
company, and its manufacturing facilities
will be integrated into Southwire’s business
operations.
Southwire chief executive Rich Stinson
said: “We are excited to welcome the
Sumner team to the Southwire family. This
acquisition supports all three of Southwire’s
key strategic goals: build organizational
capability, drive operational excellence
and accelerate growth. …The addition
of Sumner gives us the opportunity to look
ahead into new markets and channels
and expand the range of solutions we
can provide to our customers.”
Brandon Moss, president of the tools
and
equipment
division,
added:
“This acquisition provides a significant
opportunity to help scale our tools and
equipment business. …We will strengthen
our company’s position in the contractor
equipment market, develop new
manufacturing capabilities and rapidly
expand our presence in the industrial
supply and rental channels. We do
not anticipate that your day-to-day
operations and business dealings with
Southwire/Sumner will be impacted.”
Acquisition gives a lift
Rich Stinson,
Southwire chief executive
wiredInUSA - February 2017
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