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DATE
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MILESTONE
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STRATEGIC BENEFITS
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| December 2009 |
WireCo WorldGroup acquires Phillystran, Inc, a leading synthetic rope manufacturer. |
- Entrée and expansion in the global high tech synthetic rope market
- Speeds exploration into new synthetic/steel rope combinations
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| August 2008 |
WireCo WorldGroup launches capacity expansion plan of mining rope in Sedalia, Mo. |
- Shorter Lead Times
- Increase of mining rope capacity
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| June 2008 |
WireCo WorldGroup and WISCO joint venture opens largest, most modern wire rope manufacturing facility in the world |
- Ability to deliver higher quality products to the Chinese and Asian markets
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| November 2007 |
Purchased U.S. Reel, a valued and trusted supplier |
- Secured source of supply for the future
- Potential profit center
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| October 2007 |
WireCo WorldGroup moves corporate headquarters from St. Joseph, MO to Kansas City, MO |
- Company proximity to global transportation: next door to international airport
- State of the art facility to support further expansion and attract a global talent pool
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| October 2007 |
Wire Rope Corporation of America changes name to WireCo WorldGroup |
- New identity that better reflects company’s broad product offering and global reach
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| August 2007 |
Acquires CASAR, the world’s technical leader in design and production of special wire ropes used in critical load lifting applications for hoists, cranes, and underground mining |
- Enhanced company’s global brands
- Expanded access to European and many other markets worldwide
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| February 2007 |
Acquired Wireline Works, a Canadian EMC manufacturer |
- Expanded customer base to more North American markets
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| February 2007 |
Acquired by Paine and Partners, LLC, formerly Fox Paine, a private equity firm based in San Francisco |
- Enhanced potential for growth and expansion
- Catalyst to complete acquisition of German corporation, CASAR
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| July 2006 |
Joint venture agreement with Wuhan Iron and Steel Co. (WISCO) to form new wire rope manufacturing company in China |
- Strategic partnership in place with the third largest steel company in China (also one of the largest in the world)
- Opened up Asian market for sales and distribution
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| June 2005 |
Acquired Aceros Camesa, leading producer of wire rope, major producer of high carbon wire in Mexico, and world’s leading independent producer of EM cables for data logging |
- Expansion into EM cable market worldwide
- Enhanced product offering for oil and gas customer base
- Added state-of-the-art wire manufacturing and distribution capability
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| 1999 |
Acquired wire rope division of Amsted Industries – MacWhyte —and Broderick & Bascom |
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| 1998 |
Acquired Rochester Corporation’s wire rope division |
- Enhanced market share with key specialty products
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| 1993 |
Wire division moved to new wire mill facility in Chillicothe, MO |
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| 1988 |
Acquired wire rope division of Armco Steel, Union Wire Rope |
- Stronger market share in oil and mining industries from strength of Union brand
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| 1982 |
Launched new division selling high carbon wire |
- Expanded markets to offset downturns in oil and gas exploration
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| 1962 |
Acquired St. Louis-based A.H. Leschen & Sons |
- Consolidated manufacturing capabilities
- Strengthened Leschen brand
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| 1950 |
WRCA relocates to the Midwest from New Haven, CT |
- Proximity to raw material supplier
- Logistical hub for manufacturing operations
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| 1931 |
Wire Rope Corporation of America, Inc. (WRCA) founded by J.P. Barclay, Sr. as a spin off from Wire Machinery Corporation of America |
- Independent wire rope manufacturing, sales, and distribution capability for emerging markets
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