News

Inhol BV Successfully Merged With Melos GmbH

wirecableFebruary 12, 2021February 12, 2021

February 12, 2021February 12, 2021

In January 2018, Inhol B.V. (based in Soest, the Netherlands) was taken over by Melos GmbH. Since then, Inhol B.V has functioned as a part of and on behalf of Melos GmbH. At the end of 2020, Inhol B.V. was merged into Melos GmbH. January 18, 2021 With the acquisition......

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Motherson Sumi to Acquire Majority Stake in Turkey-based Plast Met Group

wirecableJanuary 19, 2021January 19, 2021

January 19, 2021January 19, 2021

This acquisition marks another step towards the growth and diversification of Vision Systems vertical and the group overall. January 18, 2021 Motherson Sumi Systems Ltd. has announced acquisition of 75 percent stake in two Turkish automotive parts manufacturing companies of the Plast Met Group through its subsidiary Samvardhana Motherson Reflectec......

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Sterlite Technologies to Acquire Italy’s Optotec for EUR 29 Million

wirecableNovember 3, 2020November 3, 2020

November 3, 2020November 3, 2020

The acquisition will create a solid springboard to offer a complete bouquet of solutions to customers across Europe, India and the Middle East. November 2, 2020 Sterlite Technologies (STL) has announced the signing of definitive agreements to acquire Optotec S.p.A, a leading Optical Interconnect Products Company based in Italy. Optotec,......

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LLFlex Acquires Wire and Cable Armoring Tapes Segment From Web Industries

wirecableOctober 10, 2020November 10, 2020

October 10, 2020November 10, 2020

The assets of the Web Industries’ Bare Metal Armoring Tapes Slitting Division will be integrated into the state-of-the-art production infrastructure at LLFlex’s new manufacturing facility in High Point, North Carolina, and will bolster production capabilities and output. September 25, 2020 LLFlex – a global leader in packaging materials and industrial......

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Hero Cycles in Talks to Acquire Operations of Atlas Cycles

wirecableJune 30, 2020

June 30, 2020

The acquisition is also expected to bring in huge opportunity for steel bead wire manufacturers. June 29, 2020 Hero Cycles may well be looking to scoop up the struggling operations of Atlas Cycles. Atlas Cycles, one of the country’s oldest cycle brands, had recently shut its last manufacturing unit in......

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Jingye Group Completes Acquisition of British Steel’s Assets

wirecableMay 8, 2020May 8, 2020

May 8, 2020May 8, 2020

The completion secures the future of approximately 3,200 jobs and follows the agreement of new terms with customers and suppliers. March 9, 2020 Chinese steelmaker Jingye Group has completed the purchase of British Steel’s UK and Netherlands assets from the Official Receiver. Jingye has pledged to invest £1.2 billion to......

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Tata Steel – Global Wires India: Plans to Get Into New Emerging Segments

wirecableNovember 20, 2018August 27, 2021

November 20, 2018August 27, 2021

Tata Steel – Global Wires India, one of the largest steel wire manufacturers in the world with a combined annual manufacturing capacity of 670,000 MT, is also a pioneer in its chosen space through continuous production innovation and the launch of numerous novel steel wire variants in the market to......

Borealis to Acquire South Korean Cable Compounder

wirecableNovember 20, 2018December 1, 2018

November 20, 2018December 1, 2018

With this acquisition, Borealis is looking forward to extend its presence in the global wire & cable asset footprint. October 30, 2018 Borealis has signed an agreement to acquire a controlling stake in South Korean compounder DYM Solution Co. Ltd. The agreement and transaction are subject to all required regulatory......