Prysmian to acquire Encore Wire
Prysmian will acquire Encore Wire, a leading manufacturer of a broad range of copper and aluminum electrical wire and cables, supplying power generation and distribution solutions. Encore Wire’s product portfolio and low cost of production position it exceptionally well in the transition to a more sustainable and reliable energy infrastructure. In fiscal year 2023, Encore Wire delivered revenue of approximately $2.6 billion and EBITDA of $517 million[2].
Encore Wire is highly complementary to Prysmian’s strategy. The Transaction will allow Prysmian to leverage Encore Wire’s operational efficiency and best in class service across Prysmian’s portfolio;