| Southwire Company, USA, has recently finalised its acquisition of Alflex, USA, a specialist in the production of metal-clad cables and flexible conduit products. In the stock purchase agreement, Southwire acquired all of Alflex, including manufacturing facilities in California and North Carolina. Both plants produce a variety of armoured cables and flexible conduit products for residential, commercial, industrial and original equipment manufacturer markets. �Acquiring Alflex is the next step in our long-term strategy to aggressively grow our building wire business�, commented Mr. Stuart Thorn, Southwire�s president and CEO. �It adds to Southwire�s reputation as the best choice for customers seeking a complete line of quality products from the industry�s lowest-cost provider�, added Mr. Thorn. Southwire has already created an ordering system that cross references both Alflex�s and Southwire�s product numbers, helping to ease the transition for customers accustomed to ordering a specific set of products from Alflex. The company has developed a clear brand strategy that merges each company�s products into a single family. In addition, adequate inventories have been created to ensure a seamless transition and continuation of the service customers.
Demand for armoured cables continues to grow because of proven and substantial cost savings they provide over more traditional installation methods. Southwire entered the metal-clad cable market in 1998 to provide the most complete line of products. Since then, the company has become a leading producer of metal-clad cables, a market in which company officials see strong growth opportunities. By bringing Alflex into the its family, Southwire today offers customers a single source for metal-clad cables and flexible metal conduit products, while continuing to provide the highest level of service, quality and innovation.
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