 HOUSTON, March 15, 2021 GLOBE NEWSWIRE -- Houston Wire Cable Company Nasdaq: HWCC today announced that it completed the sale of its Southwest Wire Rope business, a leading provider of lifting slings and wire rope and rigging products, for a purchase price of 5 million, subject to a working capital adjustment. The sale excluded approximately 2.9 million of trade accounts receivable, which HWCC retained. HWCC used the net sales proceeds of approximately 3.4 million to further reduce revolver debt. 