International Wire Group (IWG), a portfolio company of Olympus Partners and Atlas Holdings, entered into a definitive agreement to purchase Hussey Copper. Headquartered in Leetsdale, Pa., Hussey Copper is a market-leading supplier of copper products used in electrical infrastructure, data center, power generation and industrial applications. Founded in 1848, Hussey Copper has been a proud and important contributor in the development of electrical infrastructure in the United States. Today, aside from being the world’s leading copper busbar manufacturer, Hussey offers an extensive range of electrical components to meet the needs of electrical power generation, transmission, and distribution, AI technology, electric vehicles, and renewables.
Gregory Smith, CEO of International Wire Group, said, “This acquisition represents our steadfast commitment to broadening our presence in the electrical infrastructure ecosystem. Together, IWG and Hussey Copper will play a vital role in supporting emerging grid capacity expansion, AI infrastructure/data center needs, as well as transformer, electric vehicles and renewables. We are excited to welcome the Hussey Copper team and look forward to broadening our customer relationships.”
Dale Taylor, CEO of Hussey Copper, said “It’s a great time in Hussey Copper’s evolution to join forces with a company that shares a similar commitment and passion for customer service and market leadership.”
The acquisition is expected to close in Q3 and is subject to customary conditions and approvals.