Southwire Invests in Nylon Cable Ties

According to an article in the Northwest Florida Daily News, Southwire is making a substantial investment in its November acquisition of American Elite Molding.

“By 2025, Southwire Company LLC plans to invest $10 million into its recently acquired manufacturing facility next to Bob Sikes Airport, an expansion and modernization that’s expected to lead to many more jobs.

Carrollton, Georgia-based Southwire, one of North America’s largest wire and cable producers, purchased the facility formerly known as American Elite Molding in November.

The facility “is one of America’s leading manufacturers of nylon cable ties, amplifying (Southwire’s) strategic initiative to grow its Tools, Components & Assembled Solutions business,” according to company officials.

Southwire Company, one of America’s leading manufacturers of nylon cable ties, plans to invest $10 million into its facility near Crestview by 2025.

Throughout this year, Southwire plans to spend $4 million by focusing on purchasing additional equipment and tooling, and between 2022 and 2025, the remaining $6 million will focus on more machines, new systems, safety programs and more, according to the company.

“The modernization investment will create 157 total jobs, and we are looking to add 20 new jobs this year,” Southwire spokeswoman Paige Bird said. “We currently have 132 employees at the Crestview facility. This is a recent acquisition, and we are currently conducting a full wage analysis on the facility as a whole. Moving forward, we plan to be an employer of choice in the community with competitive wages, excellent benefit offerings, opportunities for advancement and serve as a great community partner.”

“By investing in Southwire’s newest acquired business, our organization is showing its dedication to growth for manufacturing in the United States, including the local Crestview community,” Brandon Moss, president of Tools, Components & Assembled Solutions for Southwire, said in a news release. “This large modernization effort will continue Southwire’s strategy to remain generationally sustainable for the next 100 years and beyond.”

Takeaway

Congratulations to Southwire for investing into the facility, into Florida and into American manufacturing, especially for a product like nylon cable ties.

As to converting the investment into sales, the question then becomes, where does this capacity become deployed? To support electrical distribution? To support retail? To support retail private label products? To be a branded Southwire product?

The American Elite Molding acquisition follows Southwire’s acquisition of Madison Electric, its appointment of seasoned electrical insiders to its Board and reinforces the belief that they plan to be an industry aggregator (and there is one large company in the industry that they have been rumored to be pursuing for a while.)