EuroWire May 2015

News Corporate

Central’s deal for Hempel Wire

manage the on-going business for Central Wire Industries. “This acquisition significantly broadens the product offerings of CWI, expands our reach in existing markets, and enables new market opportunities,” said Paul From, president and CEO of Central Wire Industries. “We are truly pleased to make this announcement and are delighted to welcome James Roper and the Hempel Wire team and business into the CWI Group.” director of Hempel Special Metals, said: “The sale of Hempel Wire to Central Wire Industries allows us to focus on and further develop our core specialism of international distribution of corrosion and heat-resistant high-performance materials and components. “We wish the team at Hempel Wire all the very best for the future and we are sure that the benefits of past cooperation will be transferred to the new organisation.” André Hempel, managing

360 employees. Central Wire provides products to many major industries, including aerospace, petrochemical, food-processing, medical, automotive and marine. The acquisition comes after Hempel Wire’s recent purchase of certain trademarks, trade names, and intellectual property from Fox Wire Limited in neighbouring Sheffield. Included in this transaction were the rights to the SUPA family of alloys, including SUPA 75, for oil and gas industry applications. Central Wire Industries looks forward to augmenting its product lines with the capabilities and know-how of Hempel Wire as well as utilising Hempel Wire’s distribution network for Central Wire’s wide range of product offerings. As a result of the transaction, Hempel Wire Limited plans to change its name to Central Wire Industries UK Limited in the near future. Hempel Wire’s managing director, James Roper, will continue in that role and

Central Wire Industries has acquired Hempel Wire Limited, a manufacturer and distributor of stainless and nickel alloy wire, based in Rotherham, UK. The business was purchased from Hempel Special Metals Holding GmbH, an international distributor of speciality metals, part of the F W Hempel & Co Group of companies, headquartered in Oberhausen, Germany. and distributes both round and profile wire in a wide variety of alloys, including virtually all stainless steels and nickel alloys. Founded in Rotherham in 1983, Hempel Wire reported sales of £9m last year and has approximately 45 employees. Central Wire Industries, founded in 1955 and headquartered in Perth, Ontario, Canada, manufactures and distributes stainless steel, nickel alloy, and copper and brass wire products throughout the world. The company, which maintains eight manufacturing facilities – six in the United States and two in Canada – has Hempel Wire manufactures

Central Wire Industries – Canada Website : www.centralwire.com

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May 2015