$797M deal signals European push into U.S. infrastructure market as Nexans buys Republic Wire
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Republic Wire, one of the largest privately held companies in the Cincinnati region, has agreed to be acquired by a European company.
Paris-based Nexans announced April 27 that it has signed an agreement to acquire Republic Wire in a deal worth 680 million euros (about $797 million). The deal is expected to close in the third quarter of this year.
Nexans in a news release said the acquisition of Republic Wire is an important step to expanding its geographic footprint to the United States, one of the world’s largest markets and among the fastest growing for the type of cable Republic Wire produces. Republic Wire makes bare copper wire, tinned copper wire, insulated building wire, poly weatherproof wire and more.
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