M&A Deal Summary

International Wire Group Acquires IWG High Performance Conductors

On April 4, 2006, International Wire Group acquired electrical equipment company IWG High Performance Conductors from Phelps Dodge for 52M USD

Acquisition Highlights
  • This is International Wire Group’s 1st transaction in the Electrical Equipment sector.
  • This is International Wire Group’s largest (disclosed) transaction.
  • This is International Wire Group’s 1st transaction in the United States.
  • This is International Wire Group’s 1st transaction in South Carolina.
Investment Fate
  • IWG High Performance Conductors was divested to a consortium of strategic buyers in 2020.

M&A Deal Summary
Date 2006-04-04
Target IWG High Performance Conductors
Sector Electrical Equipment
Buyer(s) International Wire Group
Sellers(s) Phelps Dodge
Deal Type Divestiture
Deal Value 52M USD

Target

IWG High Performance Conductors

Inman, South Carolina, United States
IWG High Performance Conductors, Inc. (dba as HPC) is a manufacturer of specialty high-performance conductors for aerospace, medical, automotive, computer, telecommunications, mass transportation, geophysical and electronics markets. HPC has manufacturing operations in Inman, South Carolina and Trenton, Georgia.

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Buyer(S) 1

Buyer

International Wire Group

Camden, New York, United States
Category Company
Founded 1995
Sector Manufacturing
Revenue 639M USD (2015)
DESCRIPTION

International Wire Group is a designer and manufacturer of highly-engineered copper-based wire products. IWG’s products are utilized in end markets such as industrial and energy, electronics and data communications, automotive and specialty vehicles, aerospace and defense, medical products and consumer and appliance industries. International Wire Group was formed in 1995 and is based in Camden, New York.

DEAL STATS #
Overall 1 of 3
Sector (Electrical Equipment) 1 of 2
Type (Divestiture) 1 of 2
State (South Carolina) 1 of 1
Country (United States) 1 of 3
Year (2006) 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-01-02 Hamilton Products

Sherburne, New York, United States

Hamilton Products, Inc. is a manufacturer and marketer of braided products using ferrous & non-ferrous wire as well as textile fibers.

Buy -

Seller(S) 1

SELLER

Phelps Dodge

Phoenix, Arizona, United States
Category Company
Founded 1834
Sector Metals/Mining
Employees15,000
DESCRIPTION

Phelps Dodge is a producer of copper and molybdenum and is the largest producer of molybdenum-based chemicals and continuous-cast copper rod. The company employs 15,000 people worldwide.

DEAL STATS #
Overall 2 of 2
Sector (Electrical Equipment) 1 of 1
Type (Divestiture) 2 of 2
State (South Carolina) 1 of 1
Country (United States) 2 of 2
Year (2006) 1 of 1
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1999-09-30 Cyprus Amax Minerals

Englewood, Colorado, United States

Cyprus Amax Minerals Co. specializes in the mining, extraction, and marketing of and marketing of copper, coal, lithium, and molybdenum.

Buy $1.8B
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