Wrexham Wire Asset Sale Follows Administration and Closure
The Wrexham Wire asset sale reflects the companyโs closure after sustained market pressure and pandemic-related disruption impacted its operations.
Sale Details and Closure
Hilco Industrial confirmed the asset sale of Wrexham Wire on its official website: https://www.hilcoindustrial.com. The U.K.-based manufacturer shut down on August 3 during a scheduled annual closure and did not resume operations.
The business sought buyers and investors but did not secure a deal. Administrators stepped in, and approximately 80 employees lost their jobs.
Production and Market Presence
Wrexham Wire operated from the Wrexham Industrial Estate and produced about 50,000 tons of finished wire products annually. Its portfolio included cold heading wire, bedding and seating wire, as well as galvanized and engineering wire.
The company exported to 14 countries and once ranked among the largest U.K. suppliers to the automotive and construction sectors. Learn more about wire applications here: https://en.wikipedia.org/wiki/Wire
Administration and Industry Challenges
FRP Advisory appointed Anthony Collier and Ben Woolrych as joint administrators. More details are available at https://www.frpadvisory.com
The company previously entered administration in 2015 under the name Caparo Wire. It faced continued pressure from a weakening global economy, political uncertainty, and COVID-19 disruption, which ultimately led to its closure.
