Prysmian announces that it has completed the acquisition of Encore Wire Corporation that had been announced on April 14.

A press release said that the acquisition will strengthen Prysmian’s leadership position in North America. Prysmian will benefit from enhanced cross-selling opportunities, as well as the efficiency and innovation within Encore Wire’s unique production, distribution process and service levels. The transaction also strengthens the weight of the North American business in Prysmian’s geographical footprint.

The combined business will be well-positioned to accelerate the electrification and digital transformation in North America, which includes the growth of data centres and upgrades to the power grid. 

“This acquisition will significantly strengthen Prysmian’s leadership position in North America while creating value for all stakeholders,” said Prysmian CEO Massimo Battaini. “Thanks to the complementary fit of Encore Wire with Prysmian’s existing North American business, we will be better placed than ever to address customers’ needs across the dynamic, highly efficient and growing North American market, while ensuring we are best placed to capture the structural growth opportunities which are being driven by digitalisation and energy infrastructure. There is also a strong cultural fit between Encore Wire and Prysmian because of our shared spirit of innovation and commitment to accelerate the transition towards a low carbon economy. ”

“With the successful completion of the transaction with Prysmian, we are ready to begin an exciting new chapter in our company’s history” said Encore Wire CEO Daniel L. Jones. “I am grateful for the hard work and commitment of our employees and proud of the remarkable value Encore Wire has created with our expansive single-campus model, low-cost production, centralized distribution and product innovation. Encore Wire and Prysmian are two highly complementary organizations, and we look forward to leveraging our enhanced product offerings and strong customer relationships to drive even greater opportunities as part of a larger, global organization.”

The Lesjӧfors Group has increased its spring and pressing operations in Eastern Europe with the opening of a new manufacturing facility in Poland alongside an existing plant that is part of Alcomex, its subsidiary.

A press release said that the new production site in Marki, Poland, divides the custom-made tension and torsion spring manufacturing specialisms across two dedicated sites and enables the production and assembly of increased spring volumes, in line with customer demand. “Acquisitions are a core part of the Lesjӧfors growth strategy,” said Lesjӧfors Group CEO Ola Tengroth. He noted that the company has more than 50 production and technical sales offices in Europe, America and Asia, and is “actively looking to acquire more spring manufacturers.”

At the Alcomex website, the Holland-based company notes that it has more than 300 spring employees in nine locations: Opmeer (Netherlands), Moravany u Brna (Czech Republic), Goch (Germany), Marki (Poland), Nędza (Poland), Paris (France), Pune (India), Sibiu (Romania) and Valencia (Spain). It manufactures door springs and industrial springs through its operating brands Alcomex, HZ Solutions and VIOD. Founded in 1992, the company was bought by Lesjӧfors in 2021. 

The Lesjӧfors press release said that investments have also been made at Alcomex’s standard stock door spring operation in Pune, India. That includes advances in cutting-edge technology, production lines, storage and shipping facilities.

The WAI’s Midwest and Southeast chapters have set dates for their respective golf tournaments, so there are now three firm dates that can be planned for.

The Midwest Chapter will return to St. Andrews Golf & Country Club in West Chicago, Illinois, on Monday, Sept. 30. In 2023, the team of Cliff Goss and Brock Braun of SDI LaFarga COPPERWORKS, and Chris Skidmore of OmniSource, shot a very respectable 10 under par 72 to walk away with the bragging rights.

The Southeast Chapter will return to the Rock Barn Country Club & Spa in Conover, North Carolina, on Thursday, Oct. 10. In 2023, the winning Vannais Outing team was Travis Card, William Godwin, Andrew Godwin and Paul Godwin, all of Technical Development Corp., who finished 14 under par.

As previously noted, the New England Chapter will return to the Tunxis Country Club in Farmington, Connecticut, on Monday, Sept. 9. In 2023, the Fluorogistx-sponsored team of Jim Elliott and Rick Larson from New England Wire Technologies, and Jim Bliss, Marmon IEI, who won with a score of 60, 12 under par.

Of note, the collective chapter golf tournaments bring together professionals from the wire and cable industry for a day of camaraderie and sportsmanship. Beyond the obvious attraction of golfing, the events serve as an excellent platform to build new connections, exchange knowledge, and strengthen existing relationships within the industry. Register online for tournament, sponsorship, and dinner-only participation: wai.configio.com.

For more details, contact WAI Member Services Manager Corey Flynn at tel. 203-453-2777, ext. 128, This email address is being protected from spambots. You need JavaScript enabled to view it..