June 1, 2020
New York, NY – Copperweld Group, Inc. (“Copperweld”), a portfolio company of Kinderhook Industries, LLC (“Kinderhook”), announced today the acquisition of Seminole Wire & Cable Co., Inc. (“Seminole” or the “Company”), a Pennsauken, NJ based supplier of specialty wire and cable products.
Founded in 1962, Seminole is a leading wire and cable manufacturer offering plastic-extruded wire products and value-added finishing capabilities. Seminole provides customized products for its customers across a variety of end markets and applications including blasting & connecting wire for mining, buried wire for pet containment and AV wire for broadcasting. Seminole also offers catered solutions to its clients, including support in research and development, product design and labeling/branding.
The acquisition of Seminole brings key value-added wire extrusion and other manufacturing capabilities in-house for Copperweld and ultimately takes the Copperweld brand directly to the end customer. Seminole also bolsters Copperweld’s wire finishing processes including cabling, braiding and assembly. Copperweld will leverage Seminole’s highly capable research and development team to promote quicker new product development and new advanced testing processes.
“Partnering with Seminole will allow Copperweld to have more direct relationships and interaction with end users, ultimately allowing us to better serve our customers,” said Craig York, Chief Executive Officer of Copperweld. “Furthermore, Copperweld will be able to offer bimetallic solutions to many Seminole customers currently using alternative products, as Copperweld bimetallics can offer better form, fit and function.”
“This strategic transaction provides upstream manufacturing capabilities that will support Copperweld production across multiple product lines as the business continues to grow” said Paul Cifelli, Managing Director at Kinderhook. “We look forward to seeing Copperweld leverage Seminole’s expertise in these production areas.”
“We are excited to combine the Copperweld and Seminole teams and begin collaboration on new innovative solutions,” said Nate Druckenmiller, Vice President at Kinderhook. “These businesses fit well together and expand the total addressable market for Copperweld’s products.”
Monroe Moxness Berg PA served as legal counsel to Copperweld.