Rea Magnet Wire Company

Elektrisola acquired Rea Magnet Wire's North American assets, including five manufacturing plants in Indiana, Connecticut, Virginia, and Mexico, and its corporate offices. The business will continue under the Rea brand, employing approximately 800 people.

Rea Magnet Wire Company and Magnekon, a division of Viakable, announced their intent to form a joint venture named Rea Magnekon to serve magnet wire customers in North America. Rea will own majority interest, and the JV will be headquartered in Fort Wayne, Indiana.