Essex, Furukawa Electric Agree To Joint Global Venture
01 Oct 2019
Superior Essex Inc. ("Superior Essex"), the parent company of Essex Magnet Wire, and Furukawa Electric Co., Ltd. ("Furukawa"), both leaders in magnet wire product development, and custom solutions, today announced that the boards of the two companies have approved the framework of a new global joint venture.
The joint venture will expand upon a previous magnet wire partnership between the two entities in . Upon execution of the definitive agreements and customary regulatory and other approvals, the companies will combine their magnet wire business operations over the course of the next several months to create a global market leader. The combined company will operate as Essex Furukawa Magnet Wire, LLC, using the "Essex Furukawa" brand
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