Elektrisola

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.

Elektrisola, a German manufacturer of enameled copper wire, decided to invest $25.5 million to extend its factory in Pingyao town, Yuhang district, Hangzhou, China. The expansion is expected to come into service at the end of 2019.