 HOUSTON, Jan. 06, 2021 GLOBE NEWSWIRE -- Houston Wire Cable Company Nasdaq: HWCC today announced that it completed the sale of its Southern Wire business, a leading wholesale distributor of wire rope and rigging products, to Southern Rigging Companies. The sale closed on December 31, 2020 for a purchase price of 20 million, subject to a working capital adjustment. HWCC used the net proceeds of approximately 18.1 million to reduce debt. 