EuroWire March 2020

Corporate News

Through employee-ownership Wire Experts Group allows its employees to directly benefit from the success of the business. Wire Experts Group www.wireexperts.com PelicanWire https://pelicanwire.com Pelican Holdings becomesWire Experts Group

WITH effect from 1 January, Pelican Holdings Group, Inc has changed its name to Wire Experts Group, Inc, as the new parent company of Pelican Wire, Rubadue Wire and Precision Resistance Technologies. “This updated brand for our company better captures the intent to be the solution provider for wire and cable products for our customers,” stated Ted Bill, CEO of Wire Experts Group. “Pelican Wire and Rubadue Wire will continue to be our go-to-market brands; however, this new corporate brand will be our guide as we look to grow our business organically and through acquisition. We wanted a strong overall brand that speaks to our experience and expertise.” While customers and most suppliers will continue to do business with the Pelican Wire and Rubadue Wire business units as normal, there will be occasional co-branding placement, such as to emphasise the strength of each business unit as part of a larger team. “One of our goals is to create a platform, a template for doing business, that allows us to take advantage of the best throughout our company and add new businesses quickly when the opportunity arises,” said Mr Bill. “The phrase I’ve adopted is ‘we are making one plus one equal three’.”

New life for steel mill A Louisiana, USA, steel mill that shut down last September is likely to be revived by the Liberty Steel Group. Liberty Steel has made a $28 million cash offer which, the company says, has made it the preferred buyer for the mill. Liberty was expecting to close the deal at the end of January, with plans to upgrade and modernise the LaPlace mill which, it believes, could be recycling before the end of 2020 and making steel by 2021. The group already owns steel operations in Illinois, Ohio, New Mexico and South Carolina. Liberty Steel Group is part of the GFG Alliance, headquartered in the UK. Liberty Steel Group www.libertyhousegroup.com

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March 2020