International Wire Group Acquisition by Atlas Holdings Announced
International Wire Group Holdings, Inc. (IWG) has agreed to an acquisition by affiliates of Atlas Holdings LLC in a deal valued at $10.70 per share. The transaction marks a significant development in the copper wire manufacturing industry.
International Wire Group acquisition by Atlas Holdings gains approval
The International Wire Group acquisition by Atlas Holdings has received unanimous approval from IWG’s board of directors. The board has also recommended that shareholders approve the agreement.
Atlas Holdings (https://www.atlasholdingsllc.com) operates 18 manufacturing and distribution businesses across multiple industries. These include automotive, construction, energy, metals, and industrial distribution. The company manages more than 150 facilities worldwide and employs over 17,000 people.
Learn more about International Wire Group: https://www.iwgholdings.com
Deal Timeline and Conditions
The acquisition remains subject to regulatory and shareholder approvals. If approved, the companies expect to complete the transaction in early Q2 2019.
IWG Operations and Global Presence
Headquartered in Camden, New York, IWG operates as the largest manufacturer of bare copper wire and copper wire products in the United States. The company also maintains facilities in France, Italy, and Poland.
IWG produces:
- Bare and tin-plated copper wire
- Engineered wire products
- High-performance conductors for OEMs and insulated wire manufacturers
Company Growth and Expansion History
Founded in 1995, IWG formed through the merger of Wirekraft Industries and Omega Wire, along with Ristance Corporation and Electro Components De Mexico.
The company expanded rapidly through acquisitions, including:
- Dekko Wire Technologies (1996)
- Camden Wire (1997)
- Spargo Wire and Italtrecce (1998)
- Forissier (1999)
- PD High Performance Conductors (2006)
- Hamilton Products (2008)
- Global Wire operations (2008)
- Ffhoenix Cuivre (2011)
These strategic moves strengthened IWG’s global footprint and product capabilities.
