EoW January 2009

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EuroWire – January 2009 19
english corporate news
With sadness, the Wire and Cable
Manufacturers’ Alliance has announced
the passing of William L (Bill) Mathiasen,
founder of Mathiasen Machinery Inc,
who died on 7 th October 2008 aged 77,
from complications following open-
heart surgery.
In 1953, Bill joined Syncro Machine Co, of
Perth Amboy, New Jersey, as a machine
builder. Later he was promoted to field
service engineer. In 1967 he left Syncro
and went to work for Hudson Wire Co,
Ossining, New York, where he worked as
plant engineer.
In 1969 he took a position with
Anaconda Wire & Cable at the corporate
headquarters in New York City. When
Anaconda closed the corporate office in
New York, Bill was transferred to Marion,
Indiana as plant maintenance supervisor.
After a short stay he was offered a
position with Gavlick Machinery in
Bristol, Connecticut in time becoming
vice president with responsibility for
the international wire and cable market
covering South America, Mexico and
Europe.
Bill started Mathiasen Machinery Inc,
a supplier of used wire and cable
equipment, in 1983 and grew the
company from a home operation to
its current 16,000 sq ft complex in East
Haddam, Connecticut. He turned the
company over to sons, Mark and Mike,
in 1996, and enjoyed golf and travel
during his retirement in Connecticut
and Florida.
Bill was a Charter Member of the New
England Wire & Cable Club (now Wire
& Cable Manufacturers’ Alliance) and
received that organisation’sDistinguished
Career Award in 1993. He was an
active member of the Wire Association
International, and the International Wire
& Machinery Association.
Bill is survived by his wife, Margaret
Mathiasen, three sons and three
daughters.
Wire & Cable Manufacturers Alliance
– USA
Fax: +1 860 873 3281
Email:
Website:
William L (Bill) Mathiasen
Pelican Wire ESOP
After 40 years as a family owned business,
Pelican Wire Company Inc has formed an
Employee Stock Ownership Plan (ESOP).
The initiative was one of the last actions
of the company’s founder, Larry Bill,
who passed away in April 2008 after an
extended illness. “It was always Larry’s
dream to give the company back to the
employees that had made it successful,”
said Theresa Bill, Larry’s widow and life
long business partner.
Theodore (Ted) Bill, company president,
explained,“The company benefits directly
with significant tax breaks, but the big
winner in all of this is the employee.
They actually earn shares in the company,
at no cost, which are redeemable for
cash on retirement.”
According to a 2000 Rutgers study, sales
in ESOP companies were 2.3% greater
than similar non-ESOP companies, while
aWashington State study in 1998 showed
that employees in ESOP companies
have 2.5 times the retirement assets as
employees in non-ESOP companies.
PelicanWire Company – USA
Fax: +1 239 597 9783
Email:
Website:
During 2008, Esteves Group invested
heavily in its China factory to increase
its level of service and expand the
product range. Esteves (Shanghai)
is now able to provide diamond dies
from 10 microns in diameter. The
Esteves factory in China is dedicated
to serve the Asian customers.
The Esteves Group has recently
enhanced the customer technical
support area by adding new
engineers, part of the service oriented
philosophy of the company.
With more than 100 years of
experience, the Esteves Group
produces a comprehensive range of
products: diamond dies for drawing,
stranding, compacting, shaving and
tube calibrating, tungsten carbide
(round and shaped) special tooling
including extrusion tools and die
reconditioning equipment.
Esteves Group – Spain
Email:
Website:
Esteves Group
in China
CANDOR SwedenAB
Tel: +46 11 21 75 00 Email:
Fax: +46 11 12 63 12 Website:
clean wire
after drawing
candor
can do wire
equipment
Electrolytic plating
◆
Candojet hot water cleaning
◆
Electrolytic & Ultrasonic
◆
degreasing
Welding wire cleaning and ◆
copper coating
Pickling & phosphating
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