REZI - Southwire and Resideo Announce Agreement Related to the Sale of Resideo's Genesis Wire & Cable Business | Benzinga
CARROLLTON, Ga., Sept. 19, 2023 /PRNewswire/ -- Southwire Company, LLC, and Resideo Technologies, Inc. (NYSE:REZI) announced today a definitive agreement for the sale by Resideo to Southwire of its Genesis Wire & Cable business, a leading low-voltage wire and cable manufacturer based in Pleasant Prairie, Wis. The transaction is anticipated to close in the next 30 days, subject to customary closing conditions.
REZI) announced today a definitive agreement for the sale by Resideo to Southwire of its Genesis Wire & Cable business." alt="Southwire Company, LLC, and Resideo Technologies, Inc. (NYSE:REZI) announced today a definitive agreement for the sale by Resideo to Southwire of its Genesis Wire & Cable business.">
"We are excited to welcome the Genesis team to Southwire," said Rich Stinson, Southwire's President and CEO. "The strong brand and quality reputation Genesis has built over the last three decades is a perfect fit for Southwire and our focus on innovation, service and quality. Their product offering provides an opportunity to share our innovative solutions with even more customers, positioning us for success both now and in the future."
Genesis is a leading U.S. low-voltage ...