Johnstown Wire acquired by Aterian affiliate
May 12, 2014 | 03:38 PM
| Thorsten Schier
NEW YORK Johnstown Wire Technologies Inc. has been sold to an affiliate of private equity firm Aterian Investment Partners LLC, Aterian said May 12.
The purchase price for Johnstownthe largest independent producer of high-quality, value-added carbon and alloy wire in North Americawas not disclosed.
"Aterian is a private equity firm that really specializes in owning and operating manufacturing companies. Thats what they concentrate on, coming into situations like ours and really investing the right capital to execute on a long-term plan," Johnstown Wire president Walt Robertson told AMM.....
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