wiredinusa July 2011

INDEX

MAKING THENEWS WireCo’s Polish buy-out “substantial”

WireCo’s expansion into Eastern Europe increased after it bought Drumet Liny i Druty Sp zoo (Drumet) – adding 700 staff to its workforce. The group bought the Polish company for an undisclosed sum. Drumet, based in Wloclawek, Poland, is said to be the largest producer of steel wire, steel wire bands and wire ropes in Eastern Europe, while Kansas City-based WireCo is believed to be the world’s largest producer of braided wire cable. “The acquisition of Drumet...substantially expands our global wire production capabilities and provides excellent synergies in operations and in the international marketplace,” advised WireCo CEO Ira Glazer. “Drumet has over 120,000 tons of steel wire capacity... We plan to maintain Drumet’s manufacturing operations and anticipate the utilization rates of the facility will expand quickly.”

Overall, WireCo now has around 3,300 employees globally. It recorded $447.7 million in revenue in 2010. The facility in Poland adds to a global production network that includes facilities in the United States, Germany, China, Mexico and Portugal.

Drumet today

wiredInUSA July

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