Phifer acquires Wire Company

Tuscaloosa, Alabama-based Phifer signed a deal to acquire the U.S.A. assets of Wire Company Holdings, a Hanover, Pennsylvania, supplier of woven mesh to consumer, automotive and industrial filtration markets.

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

Wire Company operations will constitute a stand-alone business unit as a wholly owned subsidiary of Phifer and will do business under another trade 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 several years ago.

The acquisition combines the complementary strengths of two leading companies in the woven filtration mesh industries.

"We are excited about the addition of Wire Company, a strong organization with dedicated employees positioned in similar markets as Phifer," said Phifer president Brad Cork. "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.”

The plan calls for Wire Company's management team and market strategies to remain in place. Wire Company is led by Guy Fritz, president and CEO.