Fisk Alloy Thermo Technologies acquisition overview
U.S.-based Fisk Alloy, Inc. has agreed to join Thermo Technologies in a strategic transaction that will create a stronger global player in high-performance copper alloy wire. The Fisk Alloy Thermo Technologies acquisition extends both companies’ reach across Europe, North America, and Asia.
Fisk Alloy Thermo Technologies acquisition and market goals
The companies describe the deal as a strategic combination that will form a global expert in high-performance copper alloy wires.
Founded in 1973, Fisk Alloy manufactures advanced copper alloy wire for demanding sectors, including automotive, medical, electronics, and aerospace. The company employs about 200 people at its facility in Hawthorne, New Jersey, and continues to serve these high-specification markets under the Fisk name.
Thermo Technologies profile and ownership
Thermo Technologies produces a broad range of specialized wire and surface technologies, including:
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Electrolytic precious metal coatings
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EDM wire
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High-tech solid and stranded copper, copper alloy, and aluminum wires
The group operates across three continents and is controlled by Edify SA, a Swiss industrial holding company listed on the Euro MTF market of the Luxembourg Stock Exchange. This backing supports Thermo Technologies’ growth strategy in advanced wire and coating solutions.
Leadership, structure, and integration plans
Thermo Technologies CEO Gilles Mollard will oversee the combined operations after closing.
Eric Fisk, CEO and controlling owner of Fisk Alloy, will step away from day-to-day management. However, he will become a significant investor in Thermo Technologies and join its Supervisory Board, helping shape long-term strategy.
The existing Fisk management team will continue to run the U.S. operations, which will retain the Fisk Alloy brand. The companies expect to close the transaction by the end of the first quarter of 2020, subject to customary conditions.
