[INDUSTRY NEWS] Bridon is a global business with a UK Head
Columbus McKinnon Acquires Stahlhammer Bommern GmbH (STB)
> Columbus McKinnon Corporation, a leading designer, manufacturer and marketer of material handling products, announced early January that it has acquired privately- owned Stahlhammer Bommern GmbH (“STB”), a manufacturer of a large range of lifting tools and forged parts that are able to withstand particularly heavy, static and dynamic loads, including single and ramshorn lifting hooks. Columbus McKinnon has acquired the
equity of STB for $24.6 million in cash and assumed approximately $6.6 million of net debt. The purchase agreement includes a potential $3.7 million earn-out, subject to achieving a certain profit target through calendar year 2015. Timothy T. Tevens, President and Chief
Executive Officer, commented, “STB’s brand is built on a long history of designing and manufacturing quality, reliable heavy load lifting tools. STB expands our rigging tool offering with a much wider variety of eye, shank and ramshorn lifting hooks and deepens our exposure to targeted global vertical markets, such as Oil & Gas, Mining, Construction and Heavy Equipment industries. We plan to further extend STB’s product reach through our established global sales and distribution network.” Founded in 1911 and headquartered in
Hamm, Germany, STB has tool-making, forging and machining capabilities. The leading European manufacturer of heavy-load single and ramshorn hooks, STB provides rigging tool offerings as well as engineering components to a diversified customer base, primarily serving Europe and Asia. STB manufactures its products at its 82,000 square foot facility in Hamm, Germany and is expected to have calendar year 2014 revenue of approximately $17.8 million with an operating margin of 16%. All financial figures have been converted from Euros to U.S Dollars using an exchange rate of 1.23. y
Bridon Group Acquires the Moorings Business of ScanRope
> Bridon Group, a global technology leader in the manufacture of wire and fiber rope, has acquired the moorings business of ScanRope from the Parker Hannifin Corporation.
Office in Doncaster that manufactures wire and rope solutions for the world’s most demanding applications and operates across several sectors including Oil and Gas, Mining, Construction, Fishing, Marine, Crane and Industrial. ScanRope is a Norwegian based
manufacture of both steel and fiber deep water mooring systems, this acquisition will strengthen Bridon’s position as the clear market leader in this sector. Jonathan Templeman, Chief Executive
of Bridon, said in a press release, “The acquisition will strengthen Bridon and ScanRope’s position in steel systems and will make us the market leader in this area. It will also give Bridon an offering with customers demanding fiber moorings.” y
Alps Wire Rope Corporation Announces New Changes
>Alps Wire Rope Corporation announced the following additions and promotions. Jim Miner is appointed Regional Manager for the North Central and Midwest area. Greg Smith has just joined Alps Wire Rope Corporation as Territory Sales Manager for the North Central territory. Dan Warren started at Alps Wire Rope Corporation December 8th as Buyer at the corporate headquarters. And Gregg Lakin started at Alps Wire Rope Corporation November 24th as warehouse manager in St. Charles, Illinois. y
Jim Miner
NCCCO Elects New Commissioners
>The National Commission for the Certification of Crane Operators (NCCCO) has elected two new Commissioners and re-elected a further three to its Commission. Elected to five-year terms on the Commission were Brian Haight, Cranes Technical Specialist, Crane Certification Program Supervisor, Washington State Department of Labor and Industries (Olympia, WA), and William Davis, Senior Risk Engineer, Zurich (Richmond, VA). Re-elected to additional five-year terms
>Muncy Industries is excited to announce that Newco Manufacturing and its employees have officially joined Muncy Industries, effective December 10, 2014. Together, Muncy Industries is bigger, stronger, and better positioned to provide quality products and innovative solutions to the wire rope and heavy- lifting industry. Newco has distinguished itself in the last 65 years for quality products for the construction, logging, and marine industries. The two family businesses joining together is a marrying of the Muncy and Newco families. y
Petersen Stainless Announces Major New Investment
>Petersen, one of the world’s leading manufacturers of stainless steel rigging and lifting equipment, took delivery this week of a new 12-axis lathe, the centerpiece of a £500,000 dedicated spend on productivity improvements. The sophisticated new lathe has increased Petersen’s manufacturing capacity of the popular GTB turnbuckle bodies by a factor of twelve, allowing them to better their already outstanding delivery performance. Additionally, the Petersen product development team has been strengthened by the recent appointment of Nathan McCluskey, whose primary role is developing tooling to increase productivity of forged components such as swage shroud
WIRE ROPE EXCHANGE JANUARY-FEBRUARY 2015 9
as Commissioners were Tim Arkilander, representing the Articulating Crane Council of America (ACCNA), Beth O’Quinn, representing the Specialized Carriers and Rigging Association (SC&RA), and Douglas Stegeman, representing IUOE Local 139. Also elected, as an Alternative Commissioner to Paul Mosley of Shell Oil, was John Hellums, Business Development Manager at Bishop Lifting Products, Inc. (Houston, TX). y
Muncy Industries Acquires Newco Manufacturing
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