30 June 2023
Sheffield based wire manufacturer WintWire Ltd has expanded with the acquisition of its close rivals Firebird Metals for an undisclosed sum, a company which has traded for over 20 years […]
Sheffield based wire manufacturer WintWire Ltd has expanded with the acquisition of its close rivals Firebird Metals for an undisclosed sum, a company which has traded for over 20 years in Sheffield as a stockholder and trader of nickel alloy and stainless steel precision wire with strong links to leading producers in both the EU and USA.
WintWire Managing Director Ben Turner said: “This acquisition has progressed our growth strategy slightly ahead of schedule and unlocks some fantastic new opportunities, of which is a large amount of wire stocks such as Inconel*, Hastelloy*, Nimonic* and stainless steels. This will vastly increase our product offering; we have listened to our customers who have been looking for an alternative source direct from a manufacturer and acted upon it. Having recently completed the Goldman Sachs 10,000 Small Business Growth Programme the timing couldn’t have been better and with orders in hand totalling more than £1.6M we are on track for a record breaking year.”
Firebird Managing Director Neil Skinner who will initially stay on in an advisory role said “There was no better company to sell our UK business to, this is a fantastic coming together of two businesses which have an incredibly similar ethos. The acquisition will benefit from huge synergies and will support our customers own growth ambitions by creating a market leading stockholder and manufacturing facility under one roof, reducing lead times and increasing product offering.”
The deal creates a territory partnership with French wire stockist AMIC SARL that will enable supply chain integration, combining high levels of stocks with access to WintWires’ extensive wire manufacturing operation, ultimately creating a joint European wire powerhouse.
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Materials now include: Nickel Alloys , Stainless Steels , Titanium + alloys , Cobalt Alloys. Wire Grades kept in stock – Inc X750, 177PH, Hast C276, Inc 600, MP35N, Elgiloy/Phynox, Nim 90 and many more