wiredinUSA September 2013

Wire rope acquisition

Delta Rigging and Tools, Inc has acquired Tulsa-based Holloway Wire Rope, a supplier of wire rope and rigging supplies. The acquisition of Holloway Wire Rope expands Delta Rigging & Tools, presence in the Oklahoma oil and gas fields, and broadens its reach into the midwest markets. Holloway Wire Rope has been established for 72 years, and is one of the earliest established wire rope and rigging companies in the United States manufacturing wire rope slings, rigging, and chain products. “We had been looking for a way to expand our footprint deeper into the Oklahoma oil fields and midwest markets for some time,” said Mitch Hausman, president and CEO of Delta Rigging and Tools.

“After a careful review of the Holloway Wire Rope operations, it became clear that taking a well-established business with great customer and vendor relationships was a strong strategic move for us, and the best way to serve our existing and new customers working in the midwest.” Curt Tuggle, owner of Holloway WireRope,willbe joiningtheDelta Rigging & Tools management team and continues as general manager of the TulsaandWichita operations. He said: “We are very pleased that a company with Delta Rigging & Tools’ national stature and reputation for quality and value is acquiring Holloway Wire Rope."

wiredInUSA - September 2013 wir r 2013

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