# Furukawa Electric and Superior Essex form magnet wire joint venture

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.

- Type: Acquisition
- Announced: 2020-10-02
- Where: United States
- Status: completed
- Products: magnet wire, polyimide tube
- Sectors: [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

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

## Sources

- [bdapartners.com](https://www.bdapartners.com/transaction/furukawa-electric-finalizes-formation-of-jv-with-superior-essex/), 2020-10-02: "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."

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