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Furukawa Electric transferred its heavy magnet wire business and related assets to a joint venture with Superior Essex, which owns 61% of the new entity Essex Furukawa Magnet Wire LLC. The transaction was completed on October 1, 2020.
“BDA Partners is pleased to announce that its client, Furukawa Electric Co Ltd, has established a joint venture for the global magnet wire business with Superior Essex Holding Corp.”bdapartners.com
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