Loos & Co. Acquisition by Central Wire Industries Expands Market Reach
Theย Loos & Co acquisition by Central Wire Industriesย marks a significant move in theย stainless and nickel alloy wire market. Carter Morse & Mathias (CMM), which acted as theย financial advisor, announced the deal in July 2018, though it received limited media attention at the time.
As of now, no additional official statements have been released beyond the original press announcement. However, the available details highlight theย strategic intent behind the acquisition.
Strategic Impact of Loos & Co Acquisition by Central Wire Industries
CWI Presidentย Paul Fromย highlighted how the acquisition strengthens the companyโsย long-term growth strategy. He explained that adding Loos allowsย Central Wire Industriesย to expand itsย product offeringsย and reachย new marketsย built around its core wire manufacturing expertise.
You can learn more about Central Wire Industries at https://www.centralwire.com.
Commitment to Legacy and Quality
Joan Loos, representing theย second-generation family ownership, explained that the company sought a buyer aligned with its values. The goal focused on maintaining strong relationships withย employees, customers, and partnersย while acceleratingย innovationย and preservingย product quality.
She confirmed thatย Central Wire Industriesย met these expectations and offered the right fit to carry forward the companyโsย industry legacy.
Loos & Co.โs Industry Role
Loos & Co.ย operates manufacturing facilities inย Pomfret, Connecticut, andย Naples, Florida. The company remainsย North Americaโs only vertically integrated manufacturerย ofย aircraft control cable,ย cable assemblies, andย hardware accessories.
Its capabilities includeย wire drawing,ย cable stranding,ย end fitting production, and fullย cable assembly manufacturing.
Explore Loos & Co. at https://www.loosco.com.
CWIโs Acquisition History
Central Wire Industriesย continues to expand throughย strategic acquisitionsย that strengthen its capabilities and diversify its market reach. Notable acquisitions includeย Hempel Wire Limited (2015),ย Strand Core (2014),ย Charter Specialty Steel โ Fond du Lac facility (2010),ย Techalloy, Inc. (2005),ย Greening Donald (2003),ย Nucor โ Lancaster facility (1998), andย National Filtration (1989).
