Central Wire Industries (CWI) has announced that it has acquired Sanlo, Inc.
Sanlo is a manufacturer and distributor of galvanized and stainless wire rope, custom extruded products, and engineered cable assemblies located in Michigan City, Indiana.
Fonded in 1955, Central Wire Industries headquartered in Perth, manufactures and distributes stainless steel, nickel alloy, and copper and brass wire and welding wire products throughout the world.
The Company has nine manufacturing facilities including six in the United States, two in Canada, and one in the United Kingdom. It employees more than 400 people. Central Wire provides products to many major industries, including aerospace, petrochemical, food-processing, medical, automotive, and marine.
The acquisition of Sanlo marks the third acquisition by CWI in the past two years; Sanlo joins Strand Core located in Milton, Fl. and CWI UK Ltd. in Rotherham, United Kingdom as a recent CWI acquisition.
The acquisition, which includes the Sanlo trademark and all of Sanlo’s operating assets and its intellectual property, allows Central Wire to further diversify its customer base and provides Strand Core the opportunity to connect directly with end-users.
CWI looks forward to augmenting its product lines with the capabilities and expertise of Sanlo as well as utilizing Sanlo’s central U.S. location in the distribution network for Central Wire’s wide range of product offerings.
“Sanlo brings to CWI and Strand Core a depth of product development and technical sales which further deepens all operations. Sanlo is geographically located in the right area and has a “value defined” workforce; capable and experienced,” said Paul From, President and CEO of Central Wire Industries. "We have been impressed with Sanlo’s team and I know they are all eager to see growth and development of new global markets, precisely what CWI can bring to the table.”
The transaction was completed on Thursday, August 25th, 2016.