# Essex Furukawa Magnet Wire joint venture finalized

Superior Essex Inc. and Furukawa Electric Co., Ltd. finalized a global joint venture, forming Essex Furukawa Magnet Wire LLC. The combined company aims to become a global market leader in magnet wire.

- Type: Acquisition
- Announced: 2020-10-01
- Where: Atlanta, United States
- Jobs: 2,100
- Status: completed
- Products: magnet wire
- Sectors: [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md), [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Essex Furukawa Magnet Wire LLC](https://endata.com/companies/50297.md)
- [Furukawa Electric](https://endata.com/companies/17643.md) (partner)
- [Superior Essex](https://endata.com/companies/19751.md) (partner)

## Sources

- [prnewswire.com](https://www.prnewswire.com/news-releases/essex-furukawa-global-joint-venture-finalized-301143825.html), 2020-10-01: "This is an exciting day, not only due to the finalization of the Essex Furukawa deal, but also as it marks the creation of a technological powerhouse in the magnet wire industry that can service many of the leading enterprises."
- [magneticsmag.com](https://magneticsmag.com/on-again-essex-furukawa-new-global-brand-for-magnet-wire-led-by-brian-kim/), 2020-11-05: "This is an exciting day, not only due to the finalization of the Essex Furukawa deal, but also as it marks the creation of a technological powerhouse in the magnet wire industry that can service many of the leading enterprises."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.