International Wire Group Acquires Hussey Copper

(MENAFN- PR Newswire)

STAMFORD, Conn., June 10, 2025 /PRNewswire/ -- 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.

ABOUT IWG
Headquartered in Camden, New York, IWG is the largest non-vertically integrated copper and copper-alloy wire products manufacturer in the United States and maintains operations in Europe, all supported by unparalleled global engineering capabilities. IWG is highly regarded for its capacity and broad product portfolio, servicing a wide range of applications in energy, green electrification, industrial, automotive, aerospace, data communications and other major markets.

ABOUT OLYMPUS PARTNERS
Olympus Partners is a private equity firm focused on providing equity capital for middle market management buyouts and for growing companies. Olympus manages in excess of $12 billion mainly on behalf of corporate pension funds, endowment funds and state-sponsored retirement programs. Founded in 1988, Olympus is an active, long-term investor across a broad range of industries including business services, food services, consumer products, healthcare services, financial services, industrial services and manufacturing.

ABOUT ATLAS HOLDINGS
Headquartered in Greenwich, Connecticut and founded in 2002, Atlas and its affiliates own and operate 27 companies, which employ more than 57,000 associates across more than 350 facilities worldwide. Atlas operates in sectors such as automotive supply, building materials, capital equipment, construction services, food manufacturing and distribution, metals processing, packaging, paper, power generation, printing, pulp, supply chain management and wood products. Atlas' companies together generate approximately $18 billion in revenues annually.

SOURCE Olympus Partners

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