Doncaster Wire Rope Manufacturer Completes International Merger To Form Bridon-Bekaert Ropes Group
29 Jun 2016
The Bridon-Bekaert Ropes Group will begin operating on 29th of June, following the £430m merger of Doncaster-based wire rope manufacturer Bridon with Bekaert’s rope business.
Bekaert, a technology specialist in steel wire transformation and coating technologies, and Ontario Teachers’ Pension Plan, the previous owner of Bridon, have completed a deal in which Bekaert owns 67% and Ontario Teachers’ holds 33% of the new businessThe new business will employ approximately 2500 people in 17 countries.
Bruno Humblet, the new Bridon-Bekaert CEO, said: “We are delighted to announce that the merger is now complete.
“The new group combines Bekaert’s existing strength in the regions of Americas and Australia and Bridon’s strong market position in Europe and the USA.”
Bruno Humblet continued: “This combination will leverage the scale and complementary strengths of Bekaert and Bridon and will pursue value creation for our customers.”
With worldwide manufacturing operations, sales and distribution centres, BBRG will ensure accessibility and services within close reach, customized to specific local demands and challenges.