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LIBERTY Steel USA acquires Solon Specialty Wire and Shaped Wire to open new US product markets
LIBERTY Steel USA, part of sustainable industry leader GFG Alliance, has completed the acquisitions of Ohio-based companies Solon Specialty Wire and Shaped Wire from Leggett & Platt, opening new product markets and avenues for growth for LIBERTY in the United States.
A leading manufacturer of drawn steel wire, cold‐rolled shapes, and aluminium products, Solon provides solutions for customers in the automotive, fiber optic, food packaging and medical end markets.
Solon will be incorporated and managed under the LIBERTY Johnstown Wire business and will provide additional diversification of product offerings into areas such as optical, medical and shaped wire applications.
Greg Jones, chief executive LIBERTY Steel USA, said:
“Solon’s wide range of wire size capabilities will complement LIBERTY existing North American wire operations in Peoria, IL and Johnstown, PA. Solon’s operations have been strongly profitable historically and will drive synergies and growth across LIBERTY’s wire business. I would like to extend a warm welcome to all of Solon Wire’s employees to the LIBERTY and GFG family.”
Further information from:
Head of Communications – UK, GFG Alliance
|+44 (0) 7516 029 522
Note to the editors:
GFG Alliance is a collection of global businesses and investments owned by Sanjeev Gupta and his family. The Alliance is structured into three core industrial pillars; LIBERTY Steel Group, ALVANCE Aluminium Group and SIMEC Energy Group, independent of each other yet united through shared values and a purpose to create a sustainable future for industry and society. GFG Alliance employs 35,000 people, across 10 countries and has revenues of USD $20bn. GFG Alliance is a leader in sustainable industry with a mission to become Carbon Neutral by 2030 (CN30).
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