Furukawa Electric and Superior Essex global joint venture finalized
Client(s) Furukawa Electric Co., Ltd.
Jones Day advised Furukawa Electric Co., Ltd. in its finalization of a global joint venture with Superior Essex Inc. Furukawa and Superior Essex are both leaders in magnet wire product development and custom solution. The joint venture will expand upon a previous magnet wire partnership to create a global market leader. The combined company will operate as Essex Furukawa Magnet Wire LLC, using the "Essex Furukawa" brand. The new global joint venture will allow Essex Furukawa to lead the industry in technological advancements; have market command positions in North America, Europe, Asia, and Japan; allow for strategic customer partnerships, and expedite research and development advancements.