LS Cable & System will purchase a North Carolina power plant from Superior Essex, a subsidiary of LS Corporation, for a sum of $24.6m. The deal is expected to be completed by the end of this year.
LS Cable & System will purchase a North Carolina power plant from Superior Essex, a subsidiary of LS Corporation, for a sum of $24.6m. LS Cable & System has greater experience in power cables, making the addition a more efficient option than running the business through Superior Essex.