Southwire completed the acquisition of genesis wire & cable business from Resideo for $88m.

Southwire,an electrical and telecommunications products provider, completed the acquisition of genesis wire & cable business from Resideo, a technology-driven products and components manufacturer, for $88m. "The closing of the Genesis sale represents our commitment to optimizing our product portfolio and our continued focus on value creation opportunities across our Products and Solutions business. Genesis remains a strong partner to our ADI Global Distribution business and we look forward to our continued partnership as they join an industry leader in Southwire," Jay Geldmacher, Resideo President and CEO.