31 January 2006 Bekaert acquires Delta Wire in the USA
Today Bekaert acquired Delta Wire Corporation for an enterprise value of US$ 10 million (€ 8.3 million). With almost 100 employees, Delta Wire Corporation, located in Clarksdale (Mississippi), is a major supplier of bead wire for tire reinforcement, as well as of a wide range of specialized wire products for the North American market.
The acquisition of Delta Wire brings to eight the number of production plants for advanced wire products operated by Bekaert in the United States. Delta Wire will continue to operate in its current capacity, so this transaction will have no impact on supplies to customers.
Rick McWhirt, General Manager steel cord products North and Latin America, stated: “With this acquisition, Bekaert wants to support its market share growth and adequately ensure product availability to its existing and future customers.”