Chamber member Equity Investment Group announced today the completion of the acquisition of another Chamber member - American Wire, Rope & Sling (AWRS), www.awrsling.com.
The investment group, led by Managing Member, George Huber, purchased a majority interest in the AWRS business in February, 2008. Today, it announced the acquisition of the remaining ownership of the company.
"We are impressed with what we've seen at American Wire, Rope & Sling over the past year as part of the ownership group, and are excited about this opportunity to acquire the remainder of the company and its prospects for growth going forward," stated Huber.
With 45 employees and fabricating facilities in Fort Wayne, Indianapolis and Mishawaka, Indiana, AWRS has been a national fabricator and supplier of wire rope slings, chain slings, nylon slings and other related lifting products for over 70 years. AWRS is a national supplier of rigging products to OEMs, construction, industrial, railroad, and utility companies. Included in AWRS's client-base are companies such as Steel Dynamics, Nucor Steel, Caterpillar, Norfolk and Southern and American Electric Power. AWRS products have gained national industry accolades for their safety features and innovative design.
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