Lowis & Gellen Client acquires Aluminum Clad Steel Wire Manufacturing Business.

March 1, 2004

Lowis & Gellen represented the buyer, ("Buyer") in its purchase of the assets of a California based aluminum-clad steel wire manufacturing company (the "Business"), a subsidiary of a large multinational company. The all cash acquisition successfully closed today.

Founded in 1912, and operating out of its plant in Illinois, Buyer is a leading manufacturer and marketer of bare and insulated copper and aluminum wire, ACSR, aluminum-clad steel, copper-clad steel, building wire, underground power cables, welding cables, ground rods, and medium voltage cables for the utility, telecommunication, electrical distribution, and OEM markets nationwide. The addition of the Business, which will operate as a division of Buyer, represents a strategic expansion of Buyer' product offering and customer base.

The Lowis & Gellen team consisted of Jerry Haberkorn, Bob Leavitt and Julie Herlien, and exclusively handled all legal aspects of the transaction for Buyer including negotiating and drafting the purchase and financing documentation.

For more information, please contact:
Jerry Haberkorn(312) 456-2701
geraldh@lowis-gellen.com