EuroWire March 2023

Corporate News

Management buy-out at AWI Alloy Wire International (AWI), a UK manufacturer of round, flat and profile wire, has completed a management buy-out, as it targets £15mn annual sales for the first time in its 77-year history.

The trio have also initiated a near-£1mn investment drive that will see new wet drawing and single-hole dry drawing machines arrive during the course of the year, along with an annealing line spooler and several hundred tonnes of raw material. “This is another major milestone in the history of AWI and gives us the platform to capitalise on recent growth and massive export opportunities,” said managing director Tom Mander. “The new owners have over 45 years’ combined experience of working here, so it was a natural progression for us to step forward and take the business on, with previous MD Mark Venables moving to chairman for the next five years and R&D director Angus Hogarth taking a consultancy role.” He continued, “There’s something very special about this business, and this MBO ensures we maintain and cultivate this for the next 75 years. We will continue to focus on our USPs, which include delivering the fastest industry lead times, world class manufacturing quality and an expanding range of exotic alloys.” The company manufactures round, flat and profile wire in more than 60 exotic alloys, such as Inconel, Monel, Hastelloy, Nimonic and Waspaloy. Alloy Wire International www.alloywire.com

The company’s senior management team, comprising managing director Tom Mander, technical director Andrew Du Plessis and finance director Adam Shaw, has purchased the business from the current owners. The deal will see all 33 members of staff become shareholders in the business.

(from left) Mark Venables, Tom Mander, Adam Shaw and Andrew Du Plessis

Landing at an exhibition near you…

ARRIVALs

Interwire 2023 9th-11th May 2023 Georgia, USA

Made in Steel 9th-11th May 2023 Milan, Italy

Stand: 1841

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Wire Tech Istanbul 24th-27th May 2023 Istanbul, Turkey

Lamiera 2023 10th-13th May 2023 Milan, Italy

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wire China 4th-7th September 2023 Shanghai, China

Fabtech 11th-14th September 2023 Chicago, Illinois, USA

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sALEs

Linda Li China, Taiwan & Hong Kong Email: linda@intras.co.uk Tel: +44 1926 834685

Jason Smith Rest of World Email: jason@intras.co.uk Tel: +44 1926 834684

James Woodburn Telesales - Rest of World Email: wiresales@intras.co.uk Tel: +44 1926 834686

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