# Superior Essex to buy out Furukawa Electric's stake in magnet wire JV

Superior Essex has agreed to acquire the minority interest held by Furukawa Electric in the Essex Furukawa Magnet Wire joint venture, making Superior Essex the sole owner. The transaction is expected to close at the end of April 2024.

- Type: Acquisition
- Announced: 2024-03-25
- Where: Atlanta, Georgia, United States
- Status: announced
- Products: magnet wire
- Sectors: [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

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

## Sources

- [streetinsider.com](https://www.streetinsider.com/Globe+Newswire/Superior+Essex%2C+Furukawa+Electric+Agree+to+Buyout+in+Global+Venture/22971927.html), 2024-03-25: "Superior Essex has agreed to fully take over the minority interest held by Furukawa Electric in the Essex Furukawa Magnet Wire joint venture."
- [zh-cn.essexsolutions.com](https://zh-cn.essexsolutions.com/news/superior-essex-agrees-to-acquire-remaining-ownership-stake-in-essex-furukawa-global-joint-venture-from-furukawa-electric), 2024-03-25: "Superior Essex, a global leader in the magnet wire and communication cables industry and a majority owner of the Essex Furukawa Magnet Wire joint venture with Furukawa Electric, has announced that it has agreed to take over the remaining minority interest held by Furukawa Electric in Essex Furukawa."
- [essexsolutions.com](https://www.essexsolutions.com/news/superior-essex-agrees-to-acquire-remaining-ownership-stake-in-essex-furukawa-global-joint-venture-from-furukawa-electric), 2024-03-25: "Superior Essex, a global leader in the magnet wire and communication cables industry and a majority owner of the Essex Furukawa Magnet Wire joint venture with Furukawa Electric, has announced that it has agreed to take over the remaining minority interest held by Furukawa Electric in Essex Furukawa."
- [insideamericamag.com](https://insideamericamag.com/2024/03/28/superior-essex-and-furukawa-electric-agree-to-buyout-in-global-venture/), 2024-03-28: "Superior Essex has agreed to fully take over the minority interest held by Furukawa Electric in the Essex Furukawa Magnet Wire joint venture."

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