Nashville Wire buys AWP Industries
Merger brings together the largest makers of wire decking for pallet racks, containers.
Nashville Wire Products Mfg. Co. said Friday it has acquired most of the assets of its leading rival, Frankfort, Ky.-based AWP Industries, bringing together the largest manufacturers of steel and wire decking for pallet rack and wire containers.
The deal, terms of which were not disclosed, was finalized on Dec. 30, Nashville Wire said in a statement announcing the transaction.
Both companies will continue to operate as separate entities during the merger process, which is now under way, Nashville Wire said.
Founded in 1934, Nashville Wire manufactures steel and wire products for the material handling, retail display, and appliance industries. Steven Rollins, Nashville Wire's president and CEO, said the AWP acquisition would strengthen the company's position in the material handling category.
"The AWP acquisition presented us with a perfect opportunity to grow the material handling segment of our business by absorbing a capable and well-respected competitor," said Rollins in the statement.
Founded in 1990 as American Wire Products, AWP changed its name in 1995 to reflect its expansion into areas beyond its core business of wire deck fabrication. The company today is a major producer of steel bulk containers and custom parts handling solutions.
About the Author
Executive Editor - News
Mark Solomon joined DC VELOCITY as senior editor in August 2008, and was promoted to his current position on January 1, 2015. He has spent more than 30 years in the transportation, logistics and supply chain management fields as a journalist and public relations professional. From 1989 to 1994, he worked in Washington as a reporter for the Journal of Commerce, covering the aviation and trucking industries, the Department of Transportation, Congress and the U.S. Supreme Court. Prior to that, he worked for Traffic World for seven years in a similar role. From 1994 to 2008, Mr. Solomon ran Media-Based Solutions, a public relations firm based in Atlanta. He graduated in 1978 with a B.A. in journalism from The American University in Washington, D.C.
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