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Carris Reels Acquires Lone Star Reel

by wireworld on 09/20/2016 - 06:12 pm

Tag: Acquisitions

Carris Reels is excited to announce the purchase of Lone Star Reel from Mike Pawlish and Larry Beal. Lone Star Reel is a manufacturer of plywood reels and nailed wood reels, serving wire and cable customers’ through-out the Southern United States for approximately 20 years. Mike and Larry started the company in McKinney, Texas in 1997, and expanded to Bonham, Texas five years later. Today nailed wood reels are produced in the Bonham plant and plywood reels from McKinney. The two former owners will remain actively engaged in the company.

Carris Reels Acquires Lone Star ReelDavid Ferraro, CEO at Carris said “we enthusiastically welcome Lone Star Reel to our community of companies. This acquisition provides a similar product portfolio in a new geography for Carris. In addition, Lone Star Reel’s 150 experienced employees and production capabilities provide Carris and Lone Star Reel a platform for continued growth of our broad line of quality packaging solutions for wire and cable. Carris will retain the Lone Star Reel name for the unparalleled customer service they have become known for. This announcement demonstrates our philosophy for making long-term strategic investments in areas where we can add value for our customers and stakeholders”.

Carris Reels is 100 % employee-owned, headquartered in Proctor, Vermont and manufactures plywood, nailed wood, wood/metal, plastic and stamped metal reels and spools. Carris operates in seventeen locations in Canada, Mexico and the United States.