EuroWire March 2016

News Corporate

NewYorkWire acquisition

New addition to Cable Tapes team Cable Tapes UK Ltd has appointed Mark Heneghan as its new managing director. Mr Heneghan will be working at the company headquarters in Manchester, UK, and has over 30 years’ experience working in senior operations management positions within the wire and cable industry. A mechanical engineering graduate, he began his career with BICC Cables Ltd before taking a role at Brand-Rex Ltd. More recently he worked at AEI Cables, part of the DUCAB Group, in the role of operations director at its Birtley, UK, facility. Cable Tapes is currently embarking on its next stage of product and service development at its Manchester facility with the considerable financial investment of seven new additional taping machines, cementing its commitment to provide the highest quality service to customers globally.

New York Wire was formed in 1892 by the merging of three small wire-weaving companies in York, Pennsylvania. In the early 1900s the company engineered the first looms capable of weaving metal wire. New York Wire’s wire drawing and metal mesh capabilities include low carbon and stainless steel, bronze and aluminium. NewYorkWire – USA Website : www.newyorkwireind.com New president Ideal Welding Systems LP, a subsidiary of Ideal-Werk, Lippstadt, Germany, has appointed Christian Kloeckner as its new president/general manager. Mr Kloeckner is a married father of two children and speaks English, German, Portuguese and Spanish fluently. He is based in Rockford, Illinois, USA. Established in 1995, Ideal Welding Systems is responsible for sales and service of the German Ideal brand. Ideal-Welding Systems LP – USA Website : www.idealweld.com

Phifer Incorporated, a manufacturer of woven wire, fibreglass and polyester mesh, has signed an agreement to acquire the US assets of New York Wire, a supplier of woven mesh to consumer, automotive and industrial filtration markets. The New York Wire operation will be a wholly owned subsidiary but a separate business unit of Phifer Incorporated. Of the deal, Phifer president Brad Cork said: ”We are excited about the addition of New York Wire, a strong brand with dedicated employees positioned in similar markets as Phifer. We believe New York Wire is a perfect fit to meet Phifer’s objectives.” Guy Fritz, president and CEO of New York Wire, said: ”Our current plan is for New York Wire’s management team and market strategies to remain intact as we work with Phifer to build our businesses. We look forward to sharing and leveraging both companies’ experience, expertise and, most important, keeping our commitments to customers during this transition.”

Cable Tapes UK Ltd – UK Website : www.cabletapesuk.com

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March 2016