Coastal Wire Company, Inc. today announces its acquisition of all assets of Casa Grande Wire and Cable, Inc. (CG) of Casa Grande, Arizona. The acquisition of the privately-owned producer of galvanized wire products will give Coastal Wire Company a broader geographic foot print and expanded product line. Coastal Wire Company will now manufacture a full range of low carbon black annealed wire, Kleengreen® wire and all galvanized wire products to include high-carbon, hi-tensile galvanized wire products for a broad range of applications.
Coastal Wire Company President and CEO, Doug Wendel Jr. commented, “This purchase fits well with our strategic growth strategy of expansion—expanding not only our manufacturing capabilities but expanding our geographic footprint.” Adds Wendel, “Casa Grande represents a unique opportunity as a fully-functional, high-volume manufacturing line with an excellent existing customer base in both recycling and agricultural products.”
“As a leading manufacturer of black-annealed wire products, we have been asked by many of our customers to expand our product offerings to include hot-dip galvanized wire,” stated Jason Hendrix, CFO of Coastal Wire Company. “Coastal Wire Company is dedicated to providing outstanding products, responsive customer service and competitive pricing to our partners.”
As Coastal Wire approaches 40 years in the industry, founder and owner Michael Coward continues to look for opportunities to best serve Coastal Wire clients. “Partnering with our customers has always been vital to providing the highest level of service, and by incorporating Casa Grande’s world class galvanized products we will be better positioned to meet all of our customers’ needs. We couldn’t ask for a better opportunity to fuel Coastal Wire’s growth and deliver increased value to our customers.”
Coastal Wire will take over operations effective immediately, and will manufacture and ship from both Casa Grande, AZ and Georgetown, SC facilities.