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WireCo plans European purchase

Wire Rope has signed an agreement to buy an eastern European company.  If regulators approve, WireCo WorldGroup Inc will buy Drumet Liny i Druty from a central European investment group.  Drumet is a leading maker of steel wire, steel wire band, and wire ropes.  WireCo CEO Ira Glazer says the purchase accelerates Wire Rope’s expansion into the eastern European market.  WireCo is already the world’s leading producer and marketer of specialty wire ropes.  WireCo is headquartered in Kansas City and operates a plant in Saint Joseph.

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