Wire Company Holdings’ U.S. Assets to be Acquired

December 17th, 2015 by Casey Flores

Phifer Inc. has signed a definitive agreement to acquire the U.S. assets of Wire Company Holdings Inc., based in Hanover, Pa.

The transaction is structured as a cash purchase at an undisclosed value and subject to customary closing conditions. Closing is expected by December 18, 2015.

Wire Company operations will constitute a stand-alone business unit as a wholly-owned subsidiary of Phifer Incorporated and will do business under another name after the transaction is closed. Phifer did not acquire the rights to the New York Wire trade name, trademarks or domain name. Those assets were acquired by Saint-Gobain Adfors America, Inc. several years ago.

“We are excited about the addition of Wire Company, a strong organization with dedicated employees positioned in similar markets as Phifer,” Brad Cork, president. “Phifer is fully committed to support and accelerate our growth and innovation on an international scale both organically and through acquisitions. We believe Wire Company is a perfect fit to meet our objectives.”

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