Coastal Wire acquires Casa Grande Wire and Cable

Coastal Wire Co. Inc., Georgetown, South Carolina, has acquired all assets of Casa Grande Wire and Cable Inc. of Casa Grande, Arizona, including its 100,000-square-foot manufacturing facility with a galvanizing line, wire drawing machines and other complementary equipment. The transaction closed Nov. 30, 2016.

The acquisition of the privately owned producer of galvanized wire products gives Coastal Wire a broader geographic footprint and an expanded product line. Coastal Wire will now manufacture a full range of low carbon black annealed wire, Kleengreen® wire and galvanized wire products, including high-carbon and hi-tensile, for a range of applications.

Coastal Wire President and CEO Doug Wendel Jr. says, "This purchase fits well with our strategic growth strategy of expansion—expanding not only our manufacturing capabilities but [also] expanding our geographic footprint. Casa Grande represents a unique opportunity as a fully functional, high-volume manufacturing line with an excellent existing customer base in both recycling and agricultural products."

Jason Hendrix, chief financial officer of Coastal Wire, adds, "As a leading manufacturer of black-annealed wire products, we have been asked by many of our customers to expand our product offerings to include hot-dip galvanized wire. Coastal Wire Co. is dedicated to providing outstanding products, responsive customer service and competitive pricing to our partners."

As Coastal Wire approaches 40 years in the industry, founder and owner Michael Coward says he continues to look for opportunities to best serve Coastal Wire clients. "Partnering with our customers has always been vital to providing the highest level of service, and, by incorporating Casa Grande's world-class galvanized products, we will be better positioned to meet all of our customers' needs. We couldn't ask for a better opportunity to fuel Coastal Wire's growth and deliver increased value to our customers."

Coastal Wire says it will take over the former Casa Grande's operations effective immediately and will manufacture and ship from its Casa Grande and Georgetown plants.


source : You are not allowed to view links. Register or Login