Johnstown Wire acquired by Aterian affiliate

May 12, 2014 | 03:38 PM | Thorsten Schier

Tags  Johnstown Wire, Aterian Investment Partners, steel wire, 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 Johnstown—the largest independent producer of high-quality, value-added carbon and alloy wire in North America—was not disclosed.

"Aterian is a private equity firm that really specializes in owning and operating manufacturing companies. That’s 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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