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Encore Wire Corp

Full company profile

uuid0034thx

Namestring
Encore Wire Corp
Legal namestring
Encore Wire Corporation
Websiteurl
encorewire.com
Company typeenum
Public
Founded yearint
1989
Descriptiontext

Encore Wire Corporation, founded in 1989 and headquartered in McKinney, Texas, manufactures copper and aluminum electrical building wire and cable for commercial, industrial, residential, utility and renewable-energy infrastructure markets in the United States. The company operates a fully vertically integrated manufacturing platform on a single 460-acre campus encompassing more than 3.5 million square feet of building footprint across seven plants, including an in-house copper rod mill, plastic compounding line, XLPE compounding facility, and a LEED Platinum-credentialed TechLab for materials testing.

Its product portfolio spans NM-B residential wire, THHN/THWN-2 and XHHW-2 building wire, MC cable, tray cable, medium-voltage cable and a range of specialty cables, supported by a portfolio of patented labor-saving packaging innovations such as Reel Payoff, PullPro, Barrel Packs, Mega Coil, Stack-n-Pull and SpeedReel. Encore Wire monetizes primarily through volume-based sales to electrical distributors and direct accounts serving electrical contractors, data center developers, healthcare facilities, transit authorities, and solar and EV-charging projects; it does not disclose a software or recurring-revenue component.

Since 2024 the business has operated as a subsidiary of Prysmian S.p.A. following Prysmian's approximately $4.2 billion cash acquisition. Operations, leadership and the McKinney manufacturing footprint are retained, with active capital expansion into medium-voltage production, additional residential wire capacity, aluminum capacity, and an enlarged regional service-center network. Encore Wire's revenue base is approximately $2.5 billion on a 2023 reported basis, derived almost entirely from U.S. domestic shipments of made-in-America building wire products.

Short descriptiontext

Encore Wire Corporation, headquartered in McKinney, Texas, manufactures copper and aluminum electrical building wire and cable for U.S. commercial, residential, utility, data center, transit, solar and EV-charging applications through a vertically integrated, seven-plant domestic campus now operating under Prysmian.

Operating statusenum
Acquired
Ownership categoryenum
Headcount rangeband
501–1,000
akta.pro rankint
HeadquartersMckinney, United States
HQ citystring
Mckinney
HQ countrystring
United States
HQ regionstring
North America
Markets served

Serves global market

Offices2 records

Each record includes

City, Country, Type, Description, Source

Keyword5 values
electrical wire manufacturing, building wire products, metal-clad cable, copper cable production, cable packaging systems
Industry5 codes
1Building Wire & Cable (Residential/Commercial)
CodeIMADAMAAPrimaryYes
2Utility & Underground Distribution Cable (URD/Substation)
CodeIMADAMAGPrimaryNo
3Data, Communications & Fiber Optic Cable
CodeIMADAMADPrimaryNo
4Cable Assemblies & Wire Harnesses
CodeHDAHAOABPrimaryNo
5Underground transmission & distribution cable EPC (civil + cable install)
CodeEUADAKABPrimaryNo
NAICS code3 codes
  • Communication and Energy Wire and Cable Manufacturing33592
  • Other Communication and Energy Wire Manufacturing335929
  • Other Electrical Equipment and Component Manufacturing3359
SIC code2 codes
  • Drawing & Insulating Of Nonferrous Wire3357
  • Electronic & Other Electrical Equipment (No Computer Equip)3600
Product category
Electrical Wire and Cable Manufacturing
GTM motion1 record

Each record includes

Type, Description, Source

Revenue model1 record
1Wire and Cable Product Sales
TypeHardware Sales
Description

Manufacture and sale of copper and aluminum building wire and cable products to electrical contractors, distributors, and industrial customers. Revenue is generated through one-time product sales with repeat customer relationships based on delivery speed and product quality.

encorewire.com
Marketing channels4 records

Each record includes

Title, Type, Stage, Description, Source

Distribution channels2 records

Each record includes

Title, Type, Scope, Target buyer, Description, Source

Cost components6 values
Supply Chain, Operations, Personnel, Infrastructure, Technology or R&D, Marketing or Sales
Pricing details1 tier
1Standard wire and cable products with labor-saving packaging solutions
ModelUnit PricingBilling cadencePay-as-you-go
Notes

Products sold by unit (per foot, per spool) with various packaging formats (reels, barrels, coils) affecting pricing. Volume discounts likely available for contractors and distributors.

encorewire.com
GTM typeB2B
B2B
Offering typeHardware or Manufacturing
Hardware or Manufacturing
Brand1 of 3 records shown
1CAROL®
Description

Electronics and communications wire and cable products brand, trusted since 1949, part of Prysmian family with comprehensive product line including alarm, security, fire alarm cable, communications, and coaxial products.

encorewire.com
+2 more records
Core offering1 text field

Encore Wire Corp manufactures copper and aluminum electrical building wire and cable products from a vertically integrated, 2.7-million-square-foot campus in McKinney, Texas. Its portfolio spans building wire, metal-clad cable, tray cable, medium-voltage cable, URD/RDC single-conductor products, and specialty cables such as AIRGUARD, FREP, and DURASHEATH, sold under the Encore Wire and CAROL brands to electrical distributors, contractors, and industrial customers.

Differentiator
Functional benefit
Problem solved
Quantifiable outcome1 of 4 values shown
  • Industry-leading fill rates and delivery times
+3 more records
Product overview1 text field

Encore Wire Corp is a leading manufacturer of copper and aluminum residential, commercial, and industrial building wire, operating as a Prysmian brand. The company produces a comprehensive portfolio including THHN, THWN-2, XHHW-2, T90, MTW, and XHHW-2/RW90 building wires; Metal-Clad (MC) cables with aluminum and steel armor; Tray cables for industrial applications; and specialized cables such as Medium Voltage (MV-105), FREP®, AIRGUARD®, and CAROL® branded electronics. Beyond core cable products, Encore Wire offers an extensive suite of labor-saving packaging solutions including the Reel Payoff® (industry's first self-spinning wooden reel), PullPro®, Barrel Packs (MC, Cyclone, Single Conductor), Mega Coil®, and The Reel Deal®. The company serves diverse end markets including residential, commercial, industrial, data centers, healthcare, transit, airport expansion, oil & gas, power generation, and utility/energy distribution through URD and overhead service drop products. Encore Wire's campus in McKinney, Texas spans over 3.5 million square feet with vertically integrated manufacturing including copper rod mill, plastic mill, and XLPE compounding facility.

Product and service9 records
1Building Wire (THHN, XHHW-2, USE-2/RHH/RHW-2)
CategoryBuilding Wire
Description

Copper and aluminum building wire products in THHN, XHHW-2, and USE-2/RHH/RHW-2 constructions, supplied to electrical distributors and contractors for residential, commercial, and industrial wiring.

2Metal-Clad (MC) Cables
CategoryMetal-Clad Cable
Description

Armor-clad metal cables in aluminum, steel, LED, and PVC-jacketed constructions used as feeders and branch circuits in commercial, healthcare, and high-rise construction.

3Tray Cable (TC-ER rated XHHW-2)
CategoryTray Cable
Description

TC-ER rated tray cable constructions based on XHHW-2 used in industrial plants, process facilities, and infrastructure projects.

4Medium Voltage Cable (Uniblend MV-105)
CategoryMedium Voltage Cable
Description

Medium voltage Uniblend MV-105 cables designed for utility, industrial, and infrastructure applications.

5URD / RDC Single Conductor
CategorySingle Conductor Cable
Description

URD and RDC single-conductor cables used by utility and industrial customers.

6Specialty Cables (AIRGUARD, FREP, DURASHEATH)
CategorySpecialty Cable
Description

Specialty branded cables engineered for food and beverage, transit, and harsh-environment applications.

7CAROL Brand Electronics and Communications Cable
CategoryElectronics and Communications Cable
Description

Electronics, communications, data, and specialty cable products sold under the CAROL brand.

8CAROL Brand Portable Cord and DLO
CategoryPortable Cord and DLO
Description

Portable cord and Diesel Locomotive (DLO) cables supplied under the CAROL brand for industrial and rail applications.

9Labor-Saving Cable Packaging Solutions (Reel Payoff, PullPro, MC Barrel Pack, Smart Spool, Stack-n-Pull, Reel Stand)
CategoryCable Packaging
Description

Proprietary packaging systems — Reel Payoff, PullPro, MC Barrel Pack, Smart Spool, Stack-n-Pull, and Reel Stand — engineered to reduce jobside labor when handling wire and cable reels.

Scale indicator6 records

Each record includes

Type, Value, Description, Source

Recent move29 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight5 records

Each record includes

Type, Description

Peers10 records
TypeBroad incumbent
Description

A global cable manufacturer with significant North American presence in building wire, power, and telecom cable; competes with Encore in medium voltage, URD, and commercial building wire categories.

TypeDirect peer
Description

The largest US-based wire and cable manufacturer and Encore's closest direct competitor, producing building wire, MC cable, and portable cord through a similarly vertically integrated model across residential, commercial, and industrial channels.

TypeDirect peer
Description

A US manufacturer of copper building wire (Romex brand NM-B, THHN, URD) backed by Marmon/Berkshire Hathaway; directly competes with Encore in residential and commercial building wire distribution.

TypeBroad incumbent
Description

A diversified US electrical products manufacturer with wire, cable, and electrical component lines; competes with Encore in select building wire and utility segments and represents a broader electrical ecosystem incumbent.

TypeBroad incumbent
Description

A US-listed specialty cable manufacturer focused on industrial networking, broadcast, and communications cable; overlaps with Encore's CAROL-brand communications and electronics wire portfolio.

TypeBroad incumbent
Description

A global power management company with a wire and cable division (including T&B and Cooper) serving commercial, industrial, and utility markets; broad incumbent with partial overlap to Encore's industrial and URD product lines.

TypeDirect peer
Description

A US-based, family-owned manufacturer of copper and aluminum building wire, including XHHW, THHN, and URD products; competes head-to-head with Encore in the domestic electrical distribution channel.

TypeBroad incumbent
Description

The world's largest cable manufacturer and Encore's parent company (acquired Encore in 2024 for ~$4.2B), operating a global portfolio in energy, telecom, and building wire; overlapping product set makes it a direct competitor at the parent level as well.

TypeRegional player
Description

A German-based global manufacturer of building wire, control, and connectivity solutions with a growing US footprint; competes with Encore in select commercial and industrial wire categories, primarily outside the US domestic market.

TypeDirect peer
Description

A US wire and cable manufacturer focused on building wire, MC cable, and portable cord, serving electrical distributors and contractors; directly comparable in product mix, customer base, and distribution model.

Market position
Strengths4 records

Each record includes

Headline, Details, Source

Weaknesses4 records

Each record includes

Headline, Details, Source

Competitive moat5 records

Each record includes

Type, Details

Key risks5 records

Each record includes

Headline, Details, Source

Key highlights6 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Named customers6 records

Each record includes

Name, Industry, Type, Use case, Source, UUID

Segment5 records

Each record includes

Title, Type, Primary, Description, Pain point addressed, Use case, Source

Ideal customer profile3 records

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
No
API detail
Has APIbool
No

Docs URL, Description

AI maturity
App detail

Has app

Feature5 records

Each record includes

Title, Differentiator, Description, Source

Core technology
Revenue estimate
Valuation estimate
Number of profiles
Profiles3 records

Each record includes

Name, Designation, Designation category, Overview, Profile commentary, Source

No data
Compliance3 records

Each record includes

Name, Class, Description

Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors

Each record includes

Name, Type, Date of entry, Rounds participated, Website

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment

Each record includes

Name, Round, Announced date, Lead investor, Website, News

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Encore Wire Corp

Electrical Wire and Cable Manufacturingencorewire.com

Encore Wire Corporation, headquartered in McKinney, Texas, manufactures copper and aluminum electrical building wire and cable for U.S. commercial, residential, utility, data center, transit, solar and EV-charging applications through a vertically integrated, seven-plant domestic campus now operating under Prysmian.

What Encore Wire Corp does

Encore Wire Corporation, founded in 1989 and headquartered in McKinney, Texas, manufactures copper and aluminum electrical building wire and cable for commercial, industrial, residential, utility and renewable-energy infrastructure markets in the United States. The company operates a fully vertically integrated manufacturing platform on a single 460-acre campus encompassing more than 3.5 million square feet of building footprint across seven plants, including an in-house copper rod mill, plastic compounding line, XLPE compounding facility, and a LEED Platinum-credentialed TechLab for materials testing.

Its product portfolio spans NM-B residential wire, THHN/THWN-2 and XHHW-2 building wire, MC cable, tray cable, medium-voltage cable and a range of specialty cables, supported by a portfolio of patented labor-saving packaging innovations such as Reel Payoff, PullPro, Barrel Packs, Mega Coil, Stack-n-Pull and SpeedReel. Encore Wire monetizes primarily through volume-based sales to electrical distributors and direct accounts serving electrical contractors, data center developers, healthcare facilities, transit authorities, and solar and EV-charging projects; it does not disclose a software or recurring-revenue component.

Since 2024 the business has operated as a subsidiary of Prysmian S.p.A. following Prysmian's approximately $4.2 billion cash acquisition. Operations, leadership and the McKinney manufacturing footprint are retained, with active capital expansion into medium-voltage production, additional residential wire capacity, aluminum capacity, and an enlarged regional service-center network. Encore Wire's revenue base is approximately $2.5 billion on a 2023 reported basis, derived almost entirely from U.S. domestic shipments of made-in-America building wire products.

Encore Wire Corp firmographics

Firmographics
Name
Encore Wire Corp
Legal name
Encore Wire Corporation
Website
https://encorewire.com
Company type
Public
Founded year
1989
Operating status
Acquired
Headcount range
501–1,000 employees
Short description
Encore Wire Corporation, headquartered in McKinney, Texas, manufactures copper and aluminum electrical building wire and cable for U.S. commercial, residential, utility, data center, transit, solar and EV-charging applications through a vertically integrated, seven-plant domestic campus now operating under Prysmian.
Ownership category
akta.pro rank

Encore Wire Corp industry classification

Industry
Product category
Electrical Wire and Cable Manufacturing
NAICS
Communication and Energy Wire and Cable Manufacturing (33592), Other Communication and Energy Wire Manufacturing (335929), Other Electrical Equipment and Component Manufacturing (3359)
SIC
Drawing & Insulating Of Nonferrous Wire (3357), Electronic & Other Electrical Equipment (No Computer Equip) (3600)
akta.pro primary industry
Building Wire & Cable (Residential/Commercial) (IMADAMAA)
akta.pro secondary industries
Utility & Underground Distribution Cable (URD/Substation) (IMADAMAG), Data, Communications & Fiber Optic Cable (IMADAMAD), Cable Assemblies & Wire Harnesses (HDAHAOAB), Underground transmission & distribution cable EPC (civil + cable install) (EUADAKAB)

Keywords

  • Electrical wire manufacturing
  • Building wire products
  • Metal-clad cable
  • Copper cable production
  • Cable packaging systems

Where Encore Wire Corp is headquartered

Location

Headquarters

HQ city
Mckinney
HQ country
United States
HQ region
North America

Offices2 records

Markets served

Encore Wire Corp business model

Business model
GTM type
B2B
Offering type
Hardware or Manufacturing
Cost components
Supply Chain, Operations, Personnel, Infrastructure, Technology or R&D, Marketing or Sales

Revenue model

  1. Wire and Cable Product Sales: Manufacture and sale of copper and aluminum building wire and cable products to electrical contractors, distributors, and industrial customers. Revenue is generated through one-time product sales with repeat customer relationships based on delivery speed and product quality.

Pricing tiers

ModelBillingPrice
Unit PricingPay-as-you-goStandard wire and cable products with labor-saving packaging solutions

Go-to-market motion1 record

Distribution channels2 records

Marketing channels4 records

Encore Wire Corp product offering

Product offering

Core offering

Encore Wire Corp manufactures copper and aluminum electrical building wire and cable products from a vertically integrated, 2.7-million-square-foot campus in McKinney, Texas. Its portfolio spans building wire, metal-clad cable, tray cable, medium-voltage cable, URD/RDC single-conductor products, and specialty cables such as AIRGUARD, FREP, and DURASHEATH, sold under the Encore Wire and CAROL brands to electrical distributors, contractors, and industrial customers.

Product overview

Encore Wire Corp is a leading manufacturer of copper and aluminum residential, commercial, and industrial building wire, operating as a Prysmian brand. The company produces a comprehensive portfolio including THHN, THWN-2, XHHW-2, T90, MTW, and XHHW-2/RW90 building wires; Metal-Clad (MC) cables with aluminum and steel armor; Tray cables for industrial applications; and specialized cables such as Medium Voltage (MV-105), FREP®, AIRGUARD®, and CAROL® branded electronics. Beyond core cable products, Encore Wire offers an extensive suite of labor-saving packaging solutions including the Reel Payoff® (industry's first self-spinning wooden reel), PullPro®, Barrel Packs (MC, Cyclone, Single Conductor), Mega Coil®, and The Reel Deal®. The company serves diverse end markets including residential, commercial, industrial, data centers, healthcare, transit, airport expansion, oil & gas, power generation, and utility/energy distribution through URD and overhead service drop products. Encore Wire's campus in McKinney, Texas spans over 3.5 million square feet with vertically integrated manufacturing including copper rod mill, plastic mill, and XLPE compounding facility.

Differentiator

Problem solved

Functional benefit

Brands

  • CAROL®: Electronics and communications wire and cable products brand, trusted since 1949, part of Prysmian family with comprehensive product line including alarm, security, fire alarm cable, communications, and coaxial products.
  • Encore TechLab®
  • Uniblend®

Products and services

  • Building Wire (THHN, XHHW-2, USE-2/RHH/RHW-2) Copper and aluminum building wire products in THHN, XHHW-2, and USE-2/RHH/RHW-2 constructions, supplied to electrical distributors and contractors for residential, commercial, and industrial wiring.
  • Metal-Clad (MC) Cables Armor-clad metal cables in aluminum, steel, LED, and PVC-jacketed constructions used as feeders and branch circuits in commercial, healthcare, and high-rise construction.
  • Tray Cable (TC-ER rated XHHW-2) TC-ER rated tray cable constructions based on XHHW-2 used in industrial plants, process facilities, and infrastructure projects.
  • Medium Voltage Cable (Uniblend MV-105) Medium voltage Uniblend MV-105 cables designed for utility, industrial, and infrastructure applications.
  • URD / RDC Single Conductor URD and RDC single-conductor cables used by utility and industrial customers.
  • Specialty Cables (AIRGUARD, FREP, DURASHEATH) Specialty branded cables engineered for food and beverage, transit, and harsh-environment applications.
  • CAROL Brand Electronics and Communications Cable Electronics, communications, data, and specialty cable products sold under the CAROL brand.
  • CAROL Brand Portable Cord and DLO Portable cord and Diesel Locomotive (DLO) cables supplied under the CAROL brand for industrial and rail applications.
  • Labor-Saving Cable Packaging Solutions (Reel Payoff, PullPro, MC Barrel Pack, Smart Spool, Stack-n-Pull, Reel Stand) Proprietary packaging systems — Reel Payoff, PullPro, MC Barrel Pack, Smart Spool, Stack-n-Pull, and Reel Stand — engineered to reduce jobside labor when handling wire and cable reels.

Quantifiable outcome

  • Industry-leading fill rates and delivery times
  • +3 more outcomes

Companies that use Encore Wire Corp

Customer profile

Named customers6 records

Segments5 records

Ideal customer profiles3 records

Encore Wire Corp technology and API

Technology

Technology focussed No

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

Feature5 records

Encore Wire Corp partnerships and signals

Strategic signal

Scale indicators6 records

Recent moves29 records

Expansion highlights5 records

Encore Wire Corp competitors and assessment

Company assessment

Broad incumbents

  • Nexans: A global cable manufacturer with significant North American presence in building wire, power, and telecom cable; competes with Encore in medium voltage, URD, and commercial building wire categories.
  • Hubbell Incorporated: A diversified US electrical products manufacturer with wire, cable, and electrical component lines; competes with Encore in select building wire and utility segments and represents a broader electrical ecosystem incumbent.
  • Belden Inc. A US-listed specialty cable manufacturer focused on industrial networking, broadcast, and communications cable; overlaps with Encore's CAROL-brand communications and electronics wire portfolio.
  • Eaton Corporation: A global power management company with a wire and cable division (including T&B and Cooper) serving commercial, industrial, and utility markets; broad incumbent with partial overlap to Encore's industrial and URD product lines.
  • Prysmian Group: The world's largest cable manufacturer and Encore's parent company (acquired Encore in 2024 for ~$4.2B), operating a global portfolio in energy, telecom, and building wire; overlapping product set makes it a direct competitor at the parent level as well.

Direct peers

  • Southwire Company: The largest US-based wire and cable manufacturer and Encore's closest direct competitor, producing building wire, MC cable, and portable cord through a similarly vertically integrated model across residential, commercial, and industrial channels.
  • Cerro Wire (Marmon Group / Berkshire Hathaway): A US manufacturer of copper building wire (Romex brand NM-B, THHN, URD) backed by Marmon/Berkshire Hathaway; directly competes with Encore in residential and commercial building wire distribution.
  • Service Wire Company: A US-based, family-owned manufacturer of copper and aluminum building wire, including XHHW, THHN, and URD products; competes head-to-head with Encore in the domestic electrical distribution channel.
  • Priority Wire & Cable: A US wire and cable manufacturer focused on building wire, MC cable, and portable cord, serving electrical distributors and contractors; directly comparable in product mix, customer base, and distribution model.

Regional players

  • Wieland Electric: A German-based global manufacturer of building wire, control, and connectivity solutions with a growing US footprint; competes with Encore in select commercial and industrial wire categories, primarily outside the US domestic market.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

Encore Wire Corp social profiles

Digital presence

Encore Wire Corp compliance and trust

Trust signal

Compliance3 records

Encore Wire Corp financial estimates

Financial estimate

Revenue estimate

Valuation estimate

Encore Wire Corp leadership team

Management profile

Number of profiles

Profiles3 records

Encore Wire Corp funding detail

Funding detail

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

Encore Wire Corp M&A and investment

M&A and investment

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Encore Wire Corp

What does Encore Wire Corp do?

Encore Wire Corp manufactures copper and aluminum electrical building wire and cable products from a vertically integrated, 2.7-million-square-foot campus in McKinney, Texas. Its portfolio spans building wire, metal-clad cable, tray cable, medium-voltage cable, URD/RDC single-conductor products, and specialty cables such as AIRGUARD, FREP, and DURASHEATH, sold under the Encore Wire and CAROL brands to electrical distributors, contractors, and industrial customers.

Is Encore Wire Corp a public or private company?

Encore Wire Corp is a public company. It is classified as corporate owned and is currently acquired.

When was Encore Wire Corp founded?

Encore Wire Corp was founded in 1989. It employs 501 to 1,000 people.

Where is Encore Wire Corp based?

Encore Wire Corp is headquartered in Mckinney, United States, in the North America region.

How does Encore Wire Corp make money?

One revenue line is on record: wire and Cable Product Sales.

Who are Encore Wire Corp's main competitors?

Broad incumbents on record are Nexans, Hubbell Incorporated, Belden Inc., Eaton Corporation and Prysmian Group. Direct peers are Southwire Company, Cerro Wire (Marmon Group / Berkshire Hathaway), Service Wire Company and Priority Wire & Cable. Wieland Electric is listed as a regional player.

Does Encore Wire Corp have an API?

No public API is recorded for Encore Wire Corp.

What industry is Encore Wire Corp in?

Encore Wire Corp's product category is Electrical Wire and Cable Manufacturing. Its primary akta.pro industry code is IMADAMAA, Building Wire & Cable (Residential/Commercial), with a secondary code of IMADAMAG, Utility & Underground Distribution Cable (URD/Substation). Its NAICS code is 33592 and its SIC code is 3357.

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PR NewswireWire & Cable Market worth $296.3 billion by 2031 - Exclusive Report by MarketsandMarkets™The global wire & cable market is projected to grow from $224.8 billion in 2026 to $296.3 billion by 2031, a CAGR of 5.7%. Asia Pacific is expected to see the highest growth, with the automotive segment leading in CAGR. Key players include Prysmian, Nexans, and Fujikura.The Business Research CompanyCables Market Size Forecast Analysis Report 2026-2030The global cables market reached $98.23 billion in 2025 and is projected to grow to $143.46 billion by 2030 at a compound annual growth rate of 7.8%, according to a market research report. The market is driven by increasing demand for renewable energy sources, expansion of smart grid infrastructure, and growing adoption of fiber optic communication cables, with Asia-Pacific remaining the largest regional market. In July 2024, Italy-based cable manufacturer Prysmian S.p.A. acquired U.S.-based Encore Wire Corporation for $4.2 billion to strengthen its North American manufacturing capabilities.MarketScreenerPrysmian rallies on AI wave, market cap surpasses EUR45 billionPrysmian's market capitalization surpassed EUR45 billion as its share price climbed to EUR153, a nearly 77% gain since year start. The group is close to signing long-term agreements with two hyperscalers, potentially involving new plants and investments of about USD6 billion. Analysts expect cumulative revenues of EUR5 billion from these deals.PrysmianWire and Cable ManufacturerPrysmian highlights its manufacturing presence in North America, citing 39 facilities, 9,000 employees, and $20 million invested in R&D. The company emphasizes its partnership with Encore Wire to expand product portfolios and service offerings while promoting its 'Made Right Here' initiative to support U.S. manufacturing jobs.PR NewswireAluminum Bare Wire Conductor Market to Reach $19.1 billion, Globally, by 2034 at 5.5% CAGR: Allied Market ResearchAllied Market Research published a report projecting the global aluminum bare wire conductor market will grow from $11.3 billion in 2024 to $19.1 billion by 2034, at a CAGR of 5.5%. Key drivers include expansion of electricity transmission infrastructure, growing renewable energy sector adoption, and smart grid investments, while lower conductivity compared to copper remains a key restraint. Notable recent developments include Prysmian's $4.15 billion acquisition of Encore Wire in April 2025 and Apar Industries' threefold expansion of CTC production capacity in India.NassaunationalcableWire and Cable Industry Trends: 2024 in ReviewThe global wire and cable industry expanded in 2024, driven by infrastructure development and renewable energy projects, with major consolidation seen in Prysmian's $4.2 billion acquisition of Encore Wire. Manufacturers faced margin pressures from fluctuating copper prices and supply chain disruptions caused by geopolitical tensions and labor disputes. Strategic shifts toward nearshoring and investments in large-scale transmission projects like the Champlain Hudson Power Express highlighted ongoing efforts to secure supply chains and support electrification.PR NewswireSTOCKHOLDER ALERT: The M&A Class Action Firm Investigates Merger and Looming Vote on June 26, 2024, of Encore Wire Corporation - WIREMonteverde & Associates PC, a shareholder class action law firm, announced it is investigating the proposed acquisition of Encore Wire Corporation by Prysmian for $290.00 per share in cash. The law firm is soliciting shareholders ahead of the scheduled vote on June 26, 2024 to discuss potential concerns about the merger terms. This appears to be a legal advertisement seeking plaintiffs for potential litigation related to the deal.PR NewswireSHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates RPHM, WIRE, BCAL, AIRCHalper Sadeh LLC, an investor rights law firm, announced investigations into four companies for potential federal securities law violations or fiduciary duty breaches related to pending mergers or acquisitions. The investigations cover Reneo Pharmaceuticals' merger with OnKure (with pre-merger Reneo shareholders expected to own ~31% of the combined entity), Encore Wire Corporation's sale to Prysmian for $290.00 per share, Southern California Bancorp's merger with California BanCorp (Southern California shareholders to own ~57.1% of combined company), and Apartment Income REIT Corp.'s sale to Blackstone for $39.12 per share. The law firm is seeking increased consideration, additional disclosures, and other relief on behalf of shareholders, handling cases on a contingent fee basis.PR NewswireSHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates AIRC, ALPN, WIREInvestor rights law firm Halper Sadeh LLC announced investigations into three pending mergers for potential federal securities law violations and breaches of fiduciary duties to shareholders. The transactions under scrutiny are Apartment Income REIT Corp.'s sale to Blackstone for $39.12 per share, Alpine Immune Sciences Inc.'s sale to Vertex Pharmaceuticals for $65.00 per share, and Encore Wire Corporation's sale to Prysmian for $290.00 per share in cash. The firm indicated it may seek increased consideration, additional disclosures, or other relief on behalf of shareholders on a contingent fee basis.PR NewswireSHAREHOLDER INVESTIGATION: The M&A Class Action Firm Announces an Investigation of Encore Wire Corporation - WIREMonteverde & Associates PC announced an investigation into Encore Wire Corporation (Nasdaq: WIRE) regarding its proposed sale to Prysmian Group, examining whether the deal adequately protects shareholder interests. Under the agreement terms, WIRE shareholders are expected to receive $290.00 in cash per share. The law firm is offering free information to shareholders and encourages them to evaluate whether the consideration reflects fair value before the transaction closes.