Southwire – Southwire Announces Divestiture of Sumner Business to S.F.E. Group
Carrollton, Ga – March 5, 2025: As the company continues to align itself to its goals and execute upon its strategic plan, Southwire announced today that it has divested its Sumner Material Lifting & Welding product lines and brand to Specialized Fabrication Equipment (S.F.E.) Group.
“As we continue to evaluate our practices and align with the company’s priorities, we hold our strategic goals at the forefront of our minds,” said Rich Stinson, Southwire’s President and CEO. “We are committed to our adjacency strategy fit within our goals of serving the electrical market.”
Headquartered in Houston, Texas, S.F.E. Group is home to multiple fabrication tool businesses and brands. Founded in 2019, S.F.E. Group was formed by the merger of three industry leaders in pipe fabrication equipment, tooling and machinery. This combination of expertise makes S.F.E. Group a natural fit as the home for the Sumner brand.
Southwire’s Sumner business is based in Houston, Texas, and has been a part of the company since 2016. The Houston facility produces material lifts and welding products, which will add value to S.F.E. Group’s existing business and align well with its priorities. Southwire team members employed at the Houston Sumner facility have received offers to join the S.F.E. Group team.
“When making any important decision, our team members and customers remain our highest priority,” said Norman Adkins, Southwire’s chief operating officer. “To the team members joining the S.F.E Group team, we thank you for all of your contributions and hard work, and we wish you the best of luck with your future endeavors.”
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More information on Southwire: See the full profile on EMR Executive Services
More information on Rich Stinson (President and Chief Executive Officer, Southwire): See the full profile on EMR Executive Services
More information on Norman Adkins (President of Wire and Cable and Chief Operating Officer + Responsibility for Tools, Components and Assembled Solutions (TCAS) Business, Southwire + President, International Cablemakers Federation (ICF)): See the full profile on EMR Executive Services
More information on Sumner by Southwire: https://www.southwire.com/tools-components-and-assembled-solutions + A recognized leading manufacturer of material lifts, jack stands, welding tools, material carts and other tools and equipment for the construction market. We are a key supplier to the welding and mechanical contracting industries with a market presence in more than 50 countries around the world.
More information on Specialized Fabrication Equipment (S.F.E.) Group: https://sfe-brands.com/ + Specialized Fabrication Equipment (S.F.E.) Group was founded in 2019 after the merger of three world leading OEM’s in the field of pipe fabrication equipment, tooling and machinery: B&B Pipe and Industrial Tools LLC (USA), Mathey Dearman Inc. (USA) and TAG Pipe Equipment Specialists (UK). In 2022 the AXXAIR Group (France) was acquired and in 2023 respectively Magnatech LLC (USA) and Climax Portable Machining & Welding Systems LLC (USA) were added to the S.F.E. Group.
The S.F.E. Group is formed with the vision of merging various fabrication tool businesses and brands together to offer the world’s most comprehensive range of orbital welding, pipe fabrication, precision engineered applications and cutting solutions for a wide variety of industries. S.F.E. Group’s unrivalled offering of complementing industrial tools is brought to its customers all around the world through its expanding global presence on and extensive partner network (250+), offering an unmatched level of local availability, support and service.
More information on Vinay Varma (Group Chief Executive Officer, Specialized Fabrication Equipment (S.F.E.) Group): https://www.linkedin.com/in/vinaysvarma/