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Wire Rope finishes Mexican purchase
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Just two years after emerging from bankruptcy, Wire Rope
Corporation of American has emerged as a global force in its
industry.
Wire Rope has completed the purchase of a Mexican manufacturer and
its subsidiaries, turning the once-struggling St. Joseph company into
what is believed to be the largest producer of wire rope in the
western hemisphere.
"This combination of two highly successful organizations will
offer additional opportunities for our customers, our suppliers and
our e...
Related newspaper, magazine, and journal articles from HighBeam Research
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Wire Rope survives bankruptcy
St. Joseph News-Press
; On the surface, little appears different at Wire Rope Corporation of America other than a new logo. But the longtime St. Joseph company has new ownership, a clean balance sheet and a new lease on life following a 13-month bankruptcy odyssey. Wire Rope announced Tuesday that KPS Special Situations
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Wire Rope deal finalized
St. Joseph News-Press
; A New York-based investment company has finalized its agreement to buy Wire Rope Corporation of America. KPS Special Situations Fund, which reached a tentative letter of intent to buy Wire Rope in March, signed a definitive asset-purchase agreement last Friday. KPS, which specializes in buying
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Wire Rope files bankruptcy
St. Joseph News-Press
; Wire Rope Corporation of America, one of St. Joseph's largest manufacturers, filed for bankruptcy Wednesday in an attempt to bounce back from a mounting financial crisis. The company, which laid off 260 workers April 29, plans to bring 106 employees back to work early next week at its St. Joseph
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N.Y. firm to control Wire Rope
St. Joseph News-Press
; A New York-based investment group has reached agreement to buy a majority interest of Wire Rope Corporation of America, which would end 50 years of local ownership in the company. Wire Rope officials said the letter of intent with KPS Special Situations Fund will allow the St. Joseph-based
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Wire Rope requesting concessions
St. Joseph News-Press
; Wire Rope Corporation of America is seeking wage and benefit concessions from its union as part of a restructuring plan intended to keep the company out of bankruptcy. Wire Rope officials held a series of meetings with employees Tuesday to detail the company's financial situation. Later in the day,
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