Encore Wire Announces Merger of SMTM and McCreary Sales

McKinney, TX - Encore Wire Corporation (NASDAQ Global Select: Wire) announced today the merger of its Texas-based representative agencies, SMTM and McCreary Sales. Effective January 1, 2020, McCreary Sales will expand its geographic footprint to include East and Central Texas in addition to North and West Texas, New Mexico and Oklahoma. The employees of SMTM will transition to McCreary Sales as part of this merger. Bill Hyle, principal owner of SMTM, will remain on to support a smooth and effective transition until his retirement at the end of 2020.

Daniel L. Jones, Chairman, President and Chief Executive Officer of Encore Wire Corporation, said, “As we look at the needs of our partners and the opportunities to add value in a changing marketplace, we regularly review areas for growth and expansion. To that end, we believe the merger of SMTM and McCreary Sales will accelerate Encore Wire’s growth across our home state of Texas.”

Encore Wire Corporation is a leading manufacturer of a broad range of electrical building wire for interior wiring in commercial and industrial buildings, homes, apartments, and manufactured housing. The Company is focused on maintaining a high level of customer service with low-cost production and the addition of new products that complement its current product line.