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Luvata acquires electronics wire manufacturer Accurate Wire
Luvata has purchased privately held – Branford, Connecticut-based – Accurate Wire, Inc.
Branford facility currently employs 25 people and in generated USD 12 million in sales revenue in 2015. The purchase of Accurate Wire will see Luvata assuming the long term lease on the 60'000 square foot facility in Branford along with ownership of the rolling, wire drawing, annealing and in-line eddy current and laser inspection equipment. “As the world’s leading manufacturer of many highly specialized, niche products including battery wire, photovoltaic ribbon, welding wire and superconducting wire and cables,” indicates Jussi Helavirta, President of Luvata Special Products division, “combined with the manufacturing know-how and capacity of our long-term partner Accurate Wire, Luvata is well prepared in meeting the expanding needs of our combined wire customers worldwide.” “This is good news for Accurate Wire, Luvata, and our customers,” says Douglas Milheim, co-founder and President of Accurate Wire. “We have had a good, long-standing relationship with Luvata for ten years. Now as part of the Luvata Group, a more vertically integrated business with a much larger global footprint, we will thrive.”
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