EoW January 2009

english corporate news

clean wire after drawing

William L (Bill) Mathiasen

Bill started Mathiasen Machinery Inc, a supplier of used wire and cable equipment, in 1983 and grew the company from a home operation to its current 16,000 sq ft complex in East Haddam, Connecticut. He turned the company over to sons, Mark and Mike, in 1996, and enjoyed golf and travel during his retirement in Connecticut and Florida. Bill was a Charter Member of the New England Wire & Cable Club (now Wire & Cable Manufacturers’ Alliance) and received that organisation’sDistinguished Career Award in 1993. He was an active member of the Wire Association International, and the International Wire & Machinery Association. Bill is survived by his wife, Margaret Mathiasen, three sons and three daughters. Wire & Cable Manufacturers Alliance – USA Fax : +1 860 873 3281 Email : mrcdm@snet.net Website : www.wcmainc.org Pelican Wire ESOP After 40 years as a family owned business, Pelican Wire Company Inc has formed an Employee Stock Ownership Plan (ESOP). The initiative was one of the last actions of the company’s founder, Larry Bill, who passed away in April 2008 after an extended illness. “It was always Larry’s dream to give the company back to the employees that had made it successful,” said Theresa Bill, Larry’s widow and life long business partner. Theodore (Ted) Bill, company president, explained,“The company benefits directly with significant tax breaks, but the big winner in all of this is the employee. They actually earn shares in the company, at no cost, which are redeemable for cash on retirement.” According to a 2000 Rutgers study, sales in ESOP companies were 2.3% greater than similar non-ESOP companies, while aWashington State study in 1998 showed that employees in ESOP companies have 2.5 times the retirement assets as employees in non-ESOP companies.

With sadness, the Wire and Cable Manufacturers’ Alliance has announced the passing of William L (Bill) Mathiasen, founder of Mathiasen Machinery Inc, who died on 7 th October 2008 aged 77, from complications following open- heart surgery. In 1953, Bill joined Syncro Machine Co, of Perth Amboy, New Jersey, as a machine builder. Later he was promoted to field service engineer. In 1967 he left Syncro and went to work for Hudson Wire Co, Ossining, New York, where he worked as plant engineer. In 1969 he took a position with Anaconda Wire & Cable at the corporate headquarters in New York City. When Anaconda closed the corporate office in New York, Bill was transferred to Marion, Indiana as plant maintenance supervisor. After a short stay he was offered a position with Gavlick Machinery in Bristol, Connecticut in time becoming vice president with responsibility for the international wire and cable market covering South America, Mexico and Europe. During 2008, Esteves Group invested heavily in its China factory to increase its level of service and expand the product range. Esteves (Shanghai) is now able to provide diamond dies from 10 microns in diameter. The Esteves factory in China is dedicated to serve the Asian customers. The Esteves Group has recently enhanced the customer technical support area by adding new engineers, part of the service oriented philosophy of the company. With more than 100 years of experience, the Esteves Group produces a comprehensive range of products: diamond dies for drawing, stranding, compacting, shaving and tube calibrating, tungsten carbide (round and shaped) special tooling including extrusion tools and die reconditioning equipment. Esteves Group – Spain Email : sales@estevesgroup.com Website : www.estevesgroup.com Esteves Group in China

candor

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CANDOR SwedenAB Tel: +46 11 21 75 00 Email: info@candorsweden.com Fax: +46 11 12 63 12 Website: www.candorsweden.com

PelicanWire Company – USA Fax : +1 239 597 9783 Email : sales@pelicanwire.com Website : www.pelicanwire.com

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EuroWire – January 2009