Superior Essex Strengthens EV Market With Lacroix + Kress Acquisition
Superior Essex Inc. (official site) acquired Lacroix + Kress GmbH, a leading European manufacturer of oxygen-free copper (OFC), from Mutares SE & Co. KGaA (official site). This Superior Essex Lacroix + Kress acquisition expands the company’s reach in the fast-growing electric vehicle (EV) market and reinforces its global copper production capability.
Creating Vertically Integrated Operations in Europe
Through this acquisition, Superior Essex will create vertically integrated manufacturing operations across Europe. The company’s magnet wire division will connect directly with the new Lacroix + Kress facilities, improving efficiency and aligning production for advanced EV components.
The new setup includes a joint manufacturing site in Bramsche, Germany, and a second plant in Neunburg vorm Wald. Together, these facilities employ about 250 people, supporting the company’s mission to scale production while speeding innovation.
Driving Innovation and Expanding Capabilities
Klaus Borstner, President of Essex Furukawa Magnet Wire Europe, said the acquisition represents an investment in both the future and the present. “Merging the facilities will boost efficiency and spark innovation,” he explained. “The additional site in Neunburg vorm Wald will expand our product portfolio and strengthen our offering across the automotive, energy, and industrial sectors.”
Borstner added that the shared location in Bramsche will promote team synergy and accelerate development. “We expect this move to create immediate benefits for customers,” he said. “It will also open new opportunities while maintaining the long-term relationships built by Lacroix + Kress.”
Strengthening European Collaboration and Growth
Mutares CIO Johannes Laumann noted that the sale aligns with his company’s exit strategy. “Superior Essex can leverage powerful synergies because of its strong links with Lacroix + Kress and their shared European footprint,” he said.
This partnership reunites the two companies after their 2005 European joint venture with Nexans (official site). By bringing them back under the same ownership, the transaction reinforces collaboration within Central Europe’s manufacturing market. The deal is expected to be finalized during the first quarter of 2023.
Expanding Innovation in Energy and EV Sectors
With Lacroix + Kress now part of the group, Superior Essex strengthens its position as a global leader in copper and magnet wire manufacturing. This acquisition will drive new advancements in EV technology, energy transmission, and industrial infrastructure.
By combining expertise, both companies will deliver greater efficiency, stronger product performance, and sustainable growth across Europe and beyond.
