Elektrisola Rea Magnet Wire Acquisition Strengthens North American Presence
Elektrisola completed the Elektrisola Rea Magnet Wire acquisition, expanding its operations across the U.S. and Mexico. The deal includes five manufacturing plants in Indiana, Connecticut, Virginia, and Mexico, along with Rea’s leased corporate offices in Fort Wayne, Indiana.
The company will continue operating under the respected Rea Magnet Wire brand and retain all current employees. Detlef Schildbach, Managing Owner of Elektrisola, said the acquisition supports the group’s steady growth. “Rea is a great addition to our North American operations and builds on the strength of the Elektrisola Group,” he explained.
Benefits of the Elektrisola Rea Magnet Wire Acquisition
Jim Shea, a former major shareholder of Rea Magnet Wire, highlighted the benefits of combining the two companies. “Together, Rea and Elektrisola are a great match,” he said. “Our customers will benefit from better technology, consistent quality, and stronger product innovation.”
With this acquisition, Elektrisola expands its magnet wire production and deepens its technical expertise. As a result, customers across various industries can expect more efficient delivery and higher-quality wire products.
A Stronger Global Magnet Wire Network
Elektrisola is the world’s largest manufacturer of enameled copper wire thinner than 0.15 mm. Founded in 1948 in Germany, the company operates 14 plants across seven countries and employs about 4,000 people globally.
Founded in 1933 in Fort Wayne, Indiana, Rea Magnet Wire has built a strong reputation for quality and innovation. Its five North American plants and 800 employees now join Elektrisola, creating a powerful global network focused on excellence and efficiency.
Together, the companies will combine expertise, expand research capabilities, and strengthen supply chains to meet rising global demand for high-performance magnet wire.
