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Sterlite Tech to Acquire Optical Cabl...

by wireworld on 07/10/2018 - 01:29 pm
Tag: Acquisitions

Sterlite Tech, an end-to-end global technology leader in smarter digital networks, today announced the signing of definitive agreements for acquisition of a European specialised optical cable manufacturer based in Italy.

Sterlite Tech, through its wholly owned Italian subsidiary Sterlite Technologies S.p.A, will acquire 100% stake in Metallurgica Bresciana S.p.A (Metallurgica).

Metallurgica designs and manufactures special precision optical fibre cables and specialised copper cables for various communication applications. The target firm is a privately held company focused on bringing specialised cabling solutions for various network applications across industry segments.

The acquisition ...

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RapcoHorizon Acquires Lava Cable Company

by wireworld on 06/26/2018 - 08:44 am
Tag: Acquisitions

RapcoHorizon (RHC) has finalized the acquisition of all assets of Lava Cable. The Lava Cable brand and its products will be supported by RHC. Mark Stoddard of Lava Cable will be joining the RHC team as the Lava Cable product specialist and will support all sales efforts of the product line. 

"We are thrilled to bring Lava Cable, an esteemed brand in our industry, under our umbrella of product offerings," says Darius Seabaugh, vice president of marketing for RHC Audio. "The company's products complement our existing offerings to the MI market and we are excited for the future of Lava as an RHC brand."

Lava Cable production and shipment will transition to RHC's corporate manufacturing f ...

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Ryerson To Acquire Central Steel & Wi...

by wireworld on 06/06/2018 - 12:11 pm
Tag: Acquisitions

Ryerson Holding Corp. (RYI) announced a definitive merger agreement to acquire Central Steel & Wire Company, a metal service center with six locations across the Central and Eastern U.S. The transaction values Central Steel & Wire at an enterprise value of $140 million on a cash-free, debt-free basis with a normalized level of working capital.

Central Steel & Wire employs approximately 900 people and has annual revenue of approximately $600 million. Central Steel & Wire will continue to operate under its current brand name following the closing of the transaction.

Ryerson intends to fund the acquisition through existing and acquired sources of liquidity.

JSW Steel, Vedanta Looking At Usha Ma...

by wireworld on 05/31/2018 - 09:34 pm
Tag: Acquisitions

JSW Steel and Vedanta have expressed an interest to acquire the specialty steel business of Usha Martin, a sale fetching a maximum of ?5,000 crore that will help the Kolkata-based company pare its debt, two people aware of the development told ET. The valuation of the business is being pegged between Rs 3,500 and Rs 5,000 crore. According to a source who did not wish to be named, both companies have been given the Memorandum of Understanding (MoU) while they explore various aspects of the acquisition of the 1 MT specialty steel plant in Jamshedpur. “JSW Steel is in advanced talks to buy the specialty steel business,” said a person aware of the developments. “This will be pa ...

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Buying Spree Continues For Quiet Pare...

by wireworld on 05/29/2018 - 03:33 pm
Tags: Acquisitions, Press Releases

Tucked on a side street, behind a restaurant just off Interstate 394 in Golden Valley, sits a nondescript boxy building that spans several blocks.

Step inside, and huge plumes of steam and cornstarch dart to the rafters as a massive “corrugator” stamps, slices and glues 8,000-pound paper rolls into thousands of shipping boxes and product displays destined for Amazon, Heineken, Owens Corning, the Red Cross, Hormel and groceries nationwide.

The bustling Liberty Carton is just one page of Liberty Diversified International (LDI), a $675 million company determined to grow ever larger by adding more corrugated-board customers and acquisitions.

“Our packages could be in every s ...

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JSW Steel Announces Acquisition Of It...

by wireworld on 05/21/2018 - 08:23 am
Tags: Acquisitions, Press Releases

JSW Steel has acquired Aferpi, an Italian steelmaker, for a cash consideration of 55mn euros (Rs441cr). The acquisition also includes stake purchase in Aferpi who is a maker of specialty long steel products. The company's plant consists of a rail mill (0.32mtpa), a bar mill (0.4mtpa) and a wire rod mill (0.6mtpa). The plant also has a captive port and steel ball mill that are part of the acquisition. Aferpi specializes in producing high-quality long steel products such as rails, wire rods and hot rolled bars. The company supplies high-speed rails to major railway networks in Europe. The acquisition would be funded through internal accruals and debt held by the target companies. JSW Steel s ...

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Cable Specialist Volex Acquires Slova...

by wireworld on 05/16/2018 - 03:07 pm
Tags: Acquisitions, Press Releases

Warrington based cable firm Volex has announced it is to acquire a Slovakian firm in a deal worth £15m. Volex makes cables for the telecoms industry, power tools, computers, lawnmowers, hedge trimmers and other consumer goods.

The firm has announced the acquisition of Silcotec Europe and has also announced a conditional placing to raise £36m through the issue of 48,000,000 new ordinary shares at 25 pence each. The placing is being carried out to finance the acquisition of Silotec. Silcotec manufacturers and sells cable harnesses and electronic sub-assemblies for the medical, telecommunications and computer industries. It has 160 employees in a factory in Slovakia with customer ...

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Reichle & De-Massari Enhances ‘end-to...

by wireworld on 05/16/2018 - 09:40 am
Tags: Acquisitions, Press Releases

Reichle & De-Massari (R&M), the Swiss developer and provider of connectivity systems for network infrastructure has acquired Czech company Transportkabel – DIXI (TK DIXI) in order to enhance its end-to-end fibre optic cable offering.

Founded more than 20 years ago, R&M develops and manufactures fibre optic and metallic cables for power and communication applications in data centres, broadband networks, enterprise buildings and other infrastructure projects. It hopes that this acquisition will provide the company with TK DIXI’s optic cable design and production know-how, with a range of cable constructions suited to complete R&M’s three strategic market ...

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Outokumpu Acquires Fagersta Stainless...

by wireworld on 05/15/2018 - 09:29 am
Tags: Acquisitions, Press Releases

Outokumpu and Sandvik have signed an agreement for Outokumpu to purchase full ownership of Fagersta Stainless wire rod mill in Sweden. Fagersta Stainless is currently a 50/50 joint venture owned by Outokumpu and Sandvik Materials Technology.

Fagersta Stainless is a leader in special stainless steel wire rod serving customers globally. In 2017, the company’s revenues were approximately EUR 150 million and stainless steel deliveries amounted to 52,000 tonnes. Fagersta’s product offering complements well Outokumpu’s ASR wire rod mill in Sheffield, UK, and Outokumpu plans to develop both units further to ensure continued offering of leading products and service to its wire rod ...

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Grupo Simec Announces The Acquisition...

by wireworld on 05/04/2018 - 11:17 am
Tag: Acquisitions

Grupo Simec, reports that it has entered to a contract with Arcelor Mittal Brasil, S.A. for the acquisitions of the steel products plants of Cariacica and Itauna, both in Brazil and for steel wire drawn equipment for the production of wires and derivatives.

The production capacity of Cariacica plant is 600,000 mt/year of liquid steel and 450,000 mt/year of rolled steel products. This plant has more than 500 employees and produces light structural rods and profiles. The factory is located in the city of Cariacica, next to the city of Victoria, in Espirito Santo State, on a land of more than 1,200,000 m2.

The production capacity of Itauna plant is 120,000 mt/year of rolled steel ...

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