Prysmian and Encore Wire Together
In July 2024, Prysmian finalized the acquisition of Encore Wire. With the combined product portfolio, the companies aren't just beginning a new chapter together, but rather writing a new story – one with a hyper focus on serving the electrical distribution network.
The merger places Prysmian and Encore Wire in a strong position as the companies align resources and continue forward with a solid Manufacturer Representative network. By combining Prysmian's expertise with Encore Wire's high service levels, this story unfolds as one of top-quality wire manufacturing, best-in-class support, and an expanded product offering benefiting distributors and end-users in the electrical wire and cable space.
Daniel Jones, Encore Wire's Chairman, President & CEO from 2006-2024 comments:
"With the successful completion of the transaction with Prysmian, we are ready to begin an exciting new chapter in our company's history. 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-site 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."
Daniel Jones / Encore Wire Chairman, President & CEO
Since 1989, customers have relied on Encore Wire to deliver in the 600-volt space. Moving forward, we gain access to Prysmian products including medium voltage and Carol® brand portable cord and electronics. This expanded portfolio situates the companies to better serve the overall customer needs.
Andrea Pirondini, Chief Executive Officer of Prysmian, North America from 2021-Present comments:
"The Prysmian and Encore Wire teams feel very excited about joining forces and the phenomenal growth perspectives this will create for us and our customers."
Andrea Pirondini / Chief Executive Officer North America at Prysmian
Already the global wire and cable leader, Prysmian's purchase of Encore Wire is expected to significantly grow the overall value proposition in North America.
Encore Wire, a Prysmian Brand, is a leading manufacturer of a broad range of copper and aluminum electrical wire and cables, supplying power generation and distribution solutions to meet our customers' needs today and in the future. Encore Wire focuses on maintaining a low-cost of production while providing exceptional customer service, quickly shipping complete orders coast-to-coast. Our products are proudly made in America at our vertically integrated, Texas campus. In July 2024, Encore Wire joined Prysmian's North American operations that includes 38 locations and nearly 8,000 associates. By combining Prysmian's expertise and expanded portfolio with Encore Wire's service model, we proudly join forces to better serve the electrical distribution network.