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IWC acquires Owl Wire & Cable

The International Wire Group (IWG) announced that it has acquired Owl Wire and Cable (Owl Wire), a manufacturer of bare and tinned wire with three plants, from Marmon Holdings, Inc.

A press release said that the acquisition of Owl Wire, a family company founded in 1954, includes its three New York plants in Canastota, Rome and Boonville. It said that the deal will benefit both companies, expanding IWG’s global manufacturing footprint while enabling Owl Wire to add to its existing copper capabilities as a high volume, heavy bare and tinned wire supplier.

“This new partnership is a ‘win-win’ for the loyal customers and workforces of both IWG and Owl, and for the communities we are privileged to serve,” said IWG President and CEO Greg Smith. “By integrating Owl’s manufacturing capabilities and superior customer service into our already market-leading company, we will create a unique platform to serve current and future customers. The new IWG will continue to deliver high-quality, precise wire and cable products for mission-critical applications that power our global economy. We know the Owl team well, and are thrilled to welcome them to IWG.”

“We are thrilled to join the IWG organization. In doing so, the combination of IWG and Owl will bring an unparalleled benefit to the industry, one with the broadest and deepest capabilities to better serve our customers’ needs,” said Bob Raiti, president of Owl Wire and Cable.

IWG, which was acquired in 2019 by Atlas Holdings, notes that it is the largest bare copper wire and copper wire products manufacturer in the U.S.

Per a spokesperson, Owl Wire has about 180 employees. The company’s management team will remain in place at this time, and any operational changes made would be focused “around improving service levels to IWG’s loyal customers.” 

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