Skip to content
Homepage
  • Market
    • Illinois
    • Illinois
    • Indiana
    • Iowa
    • Kansas
    • Kentucky
    • Michigan
    • Midwest
    • Minnesota
    • Missouri
    • N Dakota
    • National
    • Nebraska
    • Ohio
    • S Dakota
    • Tennessee
    • Texas
    • Wisconsin
  • Events
  • Sector
    • CRE
    • Education
    • Finance
    • Healthcare
    • Hospitality
    • Industrial
    • Legal
    • Multifamily
    • Net Lease
    • Office
    • Retail
    • section
    • Seniors Housing
    • Student Housing
  • Real Estate Awards
  • Subscribe
  • Publications

Mexican manufacturing firm acquires facility in LaSalle, will create 100 jobs

July 27, 2018
Share on Facebook Share on Twitter Share on LinkedIn Share via email

Mexican Industrial corporation Xignux has completed acquisition of American Bare Conductor in LaSalle, Illinois, and will be adding 100 employees to the current workforce of 41 by next year.

The 290,000-square-foot facility is now part of Xignux’ Viakable CME Wire & Cable division (VKMUSA), manufacturing electric wire and cable. Xignux is an industrial consortium based in Monterrey, Nuevo Leon, Mexico which employs more than 20,000 people worldwide.

“We are happy to be in LaSalle and grow our business in the Illinois Valley,” said Adolfo Riveron, chief executive officer of Viakable LaSalle.

The City of LaSalle and the Illinois Valley Area Chamber of Commerce (IVAC) provided important business retention assistance to Xignux Viakable. “IVAC was pleased to assist with the new acquisition, helping the development team with supporting data,” said IVAC executive director Joni Hunt.

The North Central Illinois region already boasts 62 foreign-owned manufacturing operations. Intersect Illinois, the Illinois Department of Commerce and Economic Opportunity and North Central Illinois EDC are actively promoting more foreign direct manufacturing investment in Illinois. This job-creating acquisition by Xignux demonstrates the profit-making advantages of Illinois, which is the fifth-largest state for foreign direct investment.

American Bare Conductor, established in 2006, will now operate under the name Viakable Manufacturing (VKMUSA) and will service the U.S. market through its parent company CME, which is a top electrical wire and cable suppliers in the industry. Through the years, CME has experienced continuous growth by providing quality products that are produced at industry-leading turnaround times and with a strong commitment to customer service.

Xignux is comprised of four divisions: cables, transformers, infrastructure and foods. They operate over 25 production facilities and a diverse group of distribution centers in Mexico, the U.S., India, Brazil and Colombia. Xignux currently exports over half of its sales to more than 40 countries.

Tags
IllinoisIllinois Valley Area Chamber of CommerceIntersect IllinoislasalleNorth Central Illinois EDCthe Illinois Department of Commerce and Economic Opportunityxignux
" "

Subscribe

Subscribe to our email list to read all news first.

Subscribe
Related Articles
IowaHealthcare

Iowa’s St. Anthony Region Hospital wraps renovations on dialysis and obstetrics departments

September 27, 2023
MinnesotaHealthcare

Forte Real Estate Partners closes two leases for Minnesota healthcare providers

September 27, 2023
MinnesotaOffice

To sublease or not? That is the question

Katie TrevenaSeptember 27, 2023
MichiganRetail

Marcus & Millichap closes sale of Michigan retail center anchored by Five Below, Office Depot

September 27, 2023

Subscribe

Subscribe to our email list to read all news first.

Subscribe
REJournals logo

Market

  • Illinois
  • Illinois
  • Indiana
  • Iowa
  • Kansas
  • Kentucky
  • Michigan
  • Midwest
  • Minnesota
  • Missouri
  • N Dakota
  • National
  • Nebraska
  • Ohio
  • S Dakota
  • Tennessee
  • Texas
  • Wisconsin

Sector

  • CRE
  • Education
  • Finance
  • Healthcare
  • Hospitality
  • Industrial
  • Legal
  • Multifamily
  • Net Lease
  • Office
  • Retail
  • section
  • Seniors Housing
  • Student Housing

Subscribe

Subscribe to our email list to read all news first.

Subscribe
  • Contact Us
  • Events
  • Office Locations
  • Advertise
© 2023 REjournals.com