Supporting the company’s growth strategy and strengthening its commitment to remain generationally sustainable, Southwire announced that it has acquired Garvin Industries, a 120-year-old man mufacturer of electrical, lighting and low voltage products based in Franklin Park, Illinois.
A press release said that Garvin Industries is widely recognized for designing innovative, labor-saving products that provide economical solutions to common installation problems. Its staff, which numbers about 30, can custom design and manufacture products to meet customer specifications.
“As a company, our goal is to grow 50% over the next five years,” said Rich Stinson, Southwire’s president and CEO. “To do so, we must be intentional about listening to our customers and creating solutions to meet their needs. The acquisition of Garvin helps us further expand our product offering and will give us a broader opportunity to provide custom solutions for our electrical customers.”
The acquisition includes the company’s manufacturing, distribution and corporate support functions and will add the Garvin employees to the Southwire family as a part of the company’s Tools and Assembled Products Business Unit.
“Garvin Industries, with its continued focus on customer service, value and innovation, is the perfect addition to our business, with products that are used every day with our core wire and cable products,” said Brandon Moss, Southwire’s president of Tools and Assembled Products Business Unit.