Strategic Acquisition—American Spring Wire Corporation
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. American Spring Wire wanted to make an acquisition to complement its existing operations.
Emprise Partners initiated the acquisition of J&L Wire Cloth Company, Inc. and acted as the exclusive financial advisor to American Spring Wire Corporation. J&L Wire Cloth Company manufactures galvanized and bright basic wire and fabricates woven wire flooring and confinement panels for hog production and wire rack decking for warehouse storage, shelving, material handling, and logistics.
“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.”
Timothy W. Selhorst
President and CEO
American Spring Wire Corporation