Cleveland, Ohio (May 2, 2007)—Emprise Partners announces the successful acquisition of J&L Wire Cloth Company, Inc. by its client American Spring Wire Corporation. Emprise Partners initiated this transaction and acted as the exclusive financial advisor to American Spring Wire Corporation.
Tim Selhorst, President of American Spring Wire, said, “Emprise Partners played a key role in helping us accomplish our acquisition objectives—acquiring a company that complements American Spring Wire’s existing operations and that would benefit by access to our manufactured wire, customer relationships, and management capabilities. Emprise partners was instrumental throughout the entire process.”
American Spring Wire is North America’s largest manufacturer of valve and commercial-quality wire used in the automotive, agricultural equipment, and appliance industries, produced in its three plants in Cleveland, Ohio; Houston, Texas; and Kankakee, Illinois. In addition, American Spring Wire manufactures high-quality PC strand for use in the construction of concrete structures including bridges, parking decks and commercial and industrial buildings. For more information, visit the American Spring Wire web site at http://www.americanspringwire.com
J&L Wire Cloth Company manufactures galvanized and bright basic wire and fabricates wire decking, wire shelving and racks from its facility in St. Paul, Minnesota. J&L Wire Cloth sells Boss Hog® woven wire flooring and confinement panels to the agricultural industry for hog production and Galva-Deck® wire rack decking for warehouse storage, shelving, material handling, and logistics. To learn more, visit its web site at http://www.jlwire.com.
Emprise Partners is a merchant-banking firm that provides buy-side representation to corporations, private-equity groups, and industry-specific management teams in the middle market. As a financial partner, the Company assists in the acquisition and growth of businesses with proprietary products or defensible niche positions. Emprise Partners has completed more than 40 buy-side transactions. For more information, visit the Emprise Partners web site at http://www.emprisepartners.us.