Prysmian Group acquired Encore Wire Corporation.
Acquisition Details
On July 02, 2024, Prysmian Group, a global leader in the cable systems industry, finalized the acquisition of Encore Wire Corporation. Encore Wire, publicly traded on NASDAQ under the ticker symbol WIRE, is a prominent manufacturer of copper and aluminum electrical wire and cable. This strategic acquisition represents a significant move for Prysmian Group to strengthen its market position and expand its product portfolio within the North American market.
Here's a summary of the key details:
| Aspect | Detail |
|---|---|
| Acquiring Entity | Prysmian Group |
| Acquired Entity | Encore Wire Corporation |
| Completion Date | July 02, 2024 |
| Encore Wire Stock | NASDAQ: WIRE |
About the Companies
Prysmian Group is a world leader in the energy and telecom cable systems industry. With operations globally, the company specializes in the production of cables and systems for power transmission and distribution, as well as for telecommunications, contributing significantly to infrastructure development worldwide.
Encore Wire Corporation is a leading U.S. manufacturer of copper and aluminum electrical wire and cable, primarily serving the residential, commercial, and industrial markets. Based in McKinney, Texas, Encore Wire is recognized for its high-quality products and efficient manufacturing processes.
