Fisk Alloy Ends Acquisition Plans With Thermo Technologies
Fisk Alloy has confirmed that the Fisk Alloy acquisition cancelled earlier this year will not move forward with Thermo Technologies, citing continued uncertainty caused by COVID-19.
Fisk Alloy Acquisition Cancelled Due to Market Conditions
Fisk Alloy and Thermo Technologies initially agreed to the acquisition, subject to due diligence and standard closing requirements. After reviewing global market conditions, both companies decided to end the agreement.
CEO Erik Fisk stated that current economic challenges influenced the decision, and both parties reached a mutual agreement.
Company Continues Independent Operations
Fisk Alloy will continue independent operations from its headquarters in Hawthorne, New Jersey. The company remains focused on delivering reliable solutions and maintaining the high-quality standards it has upheld for more than 46 years.
Longstanding Industry Presence
Founded in 1973 by John Fisk, Fisk Alloy produces high-performance copper alloy wire and offers proprietary manufacturing capabilities. The company continues to support customers with innovative products and consistent service.
Fisk Alloy also thanked its customers for their continued support during a challenging global business environment.
