ABB Sells North Carolina Cable Plant to Southwire to Strengthen Strategic Focus
ABB has agreed to sell its Huntersville, North Carolina cable manufacturing facility to Southwire Company, LLC. This ABB Southwire cable plant sale supports ABB’s strategy to streamline operations while expanding partnerships in the high-voltage cable market.
ABB Southwire Cable Plant Sale Aligns with Strategy
To begin with, ABB (https://www.abb.com) is divesting the 240,000-square-foot facility as part of its Next Level strategy. This approach focuses on optimizing its business portfolio and improving operational efficiency.
The Huntersville plant produces high-voltage and extra-high-voltage underground transmission cables, ranging from 230 kV to 400 kV.
Southwire Expands High-Voltage Capabilities
At the same time, Southwire (https://www.southwire.com) will expand its high-voltage cable portfolio through this acquisition. The deal will also increase its manufacturing capacity in a key growth segment.
Furthermore, both companies plan to collaborate on HVDC cable projects, using the facility to support land-based cable systems.
Continued Global Operations for ABB
Meanwhile, ABB will continue producing high-voltage land and subsea cables at its facility in Karlskrona, Sweden. This ensures ongoing support for global energy infrastructure projects.
Previously, ABB invested $90 million to build the Huntersville plant in 2012. The facility includes a 131-meter extrusion tower, designed to improve insulation quality during cable production.
Supporting Renewable Energy and Infrastructure Growth
The plant has supported projects in wind and solar energy, as well as AC and DC transmission systems. Therefore, it plays a key role in advancing modern power networks.
With this acquisition, Southwire strengthens its position as a leading U.S.-based cable manufacturer while expanding its presence in global markets.
Strategic Partnership and Future Growth
Finally, both companies expect the deal to create new opportunities for collaboration. Southwire aims to grow its footprint while delivering American-made cable solutions to a global customer base.
The transaction is expected to close in the third quarter, marking a significant step in both companies’ long-term strategies.
