Southwire Acquires Assets of Seatek Company, Inc.

CARROLLTON, Ga., Sept. 21, 2015 /PRNewswire/ -- Southwire Company, LLC, today announced that it has purchased substantially all the assets of Stamford, Connecticut-based Seatek Company, Inc., the leading manufacturer of hand tools and motorized equipment designed to cut 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 & Assembled Products Division.  Integrating Seatek's category-leading products into our portfolio allows us to offer our end users the best products to safely and efficiently prepare the cable for installation."

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 jobsite.  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 collaboration between Southwire and Seatek actually goes back several years.  "When Southwire launched its innovative MCAP Type MC cable in 2004, we turned to Seatek to help develop a new version of its industry leading Roto-Split™ cable armor stripper," explained Dan Irvin, Southwire Director of Hand Tools. "This resulted in the RS-101AC, a product that safely and easily cuts the metal jacket without damaging the bonding conductor."

The acquisition brings a variety of products in the armor cable cutter, cable stripper, motorized cutter and labor-saving tools category to the Southwire hand tool product line.  "Southwire always has a keen interest in strengthening its domestic hand tool manufacturing base," added Irvin.  "This acquisition both strengthens our product portfolio and marks a significant investment in our manufacturing capabilities."

"For over 65 years Southwire has been a leader in the wire and cable industry," concluded Moss.  "Today, the Southwire Tools & Assembled Products team is continuing this legacy by driving unparalleled value through product innovation, safety, and efficiency."

About Southwire Company, LLC

A leader in technology and innovation, Southwire Company is one of North America's largest wire and cable producers. Southwire and its subsidiaries manufacture building wire and cable, metal-clad (MC) cable, cord products (including Tappan™ sound, security, and communication cables through Tappan Wire & Cable Inc.), utility cable products, industrial power cable, OEM wire products, SCR® copper and aluminum rod, and continuous casting technology. Southwire also supplies MAXIS® Contractor Equipment and Southwire® Electrician's Tools to the commercial, industrial, retail, electrical wholesale outlet and utility construction markets. To learn more about Southwire's products, community involvement, and its vision for a sustainable Southwire, please visit Southwire on the web at www.southwire.com.

Southwire Company
One Southwire Drive
Carrollton, Georgia 30119
www.southwire.com

SOURCE Southwire Company

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