Prysmian Buys Encore Wire for €3.9 Billion, Its Largest Deal
The headquarters in Milan.
Photographer: Miguel Medina/AFP/Getty Images
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Prysmian SpA agreed to buy Encore Wire Corp. for around €3.9 billion ($4.15 billion) including debt, the first major deal under its new CEO.
The Italian cables maker is seeking to enhance its US presence and enter the country’s residential construction sector. Encore Wire produces copper and aliminum wires and cables for residential, commercial and industrial buildings.