International Wire Group Acquires The Forissier Group, Holding Company for French Wire Manufacturers.Business Editors ST. LOUIS, Mo.--(BUSINESS WIRE)--Jan. 10, 2000 International Wire Group, Inc. (IWG IWG International Working Group IWG Interagency Working Group IWG Informal Working Group IWG Implementation Working Group IWG International Working Group on Women and Sport IWG Interoperability Working Group IWG Interface Working Group ), a wire and wire harness manufacturer formed by Hicks Hicks , Edward 1780-1849. American painter of primitive works, notably The Peaceable Kingdom, of which nearly 100 versions exist. , Muse, Tate & Furst Incorporated, a leading global investment firm, and by Mills & Partners, Inc., Hicks Muse's management affiliate for commercial and industrial acquisitions, today announced that IWG has acquired the Forissier Group, a holding company for three French wire manufacturers. The Forissier companies are TJ Forissier SA and Fressynet SA, both of Saint-Chamond Saint-Chamond (săN-shämäN`), city (1990 pop. 39,262), Loire dept., SE France, at the confluence of the Gier and Janon rivers. The city was originally developed in the 19th cent. as a coal-mining center. , which manufacture specialty braids, rope and cable products; and Charbonnet SA, of Beynost, a manufacturer of insulated wire wire covered with some nonconducting material, such as plastic or silk, for use in conducting electricity. See also: Insulated products. Financial terms of the transaction were not disclosed. The acquisition of the Forissier Group is IWG's second in Europe. In 1998, the Company acquired Italtrecce S.r.l., an Italian manufacturer of high-end specialty copper braids and rope products. James N. Mills, Chairman of IWG and of Mills & Partners, said: "International Wire's acquisition of the Forissier Group will serve as a major growth catalyst for our company's European European emanating from or pertaining to Europe. European bat lyssavirus see lyssavirus. European beech tree fagussylvaticus. European blastomycosis see cryptococcosis. presence, established through the acquisition of Italtrecce two years ago. With a significant manufacturing base in both Italy and France, we are exceptionally well-positioned not only to better serve our existing European client base, but to attract new customers on a global basis." Mills & Partners, Inc., founded in 1985 by Mr. Mills, has participated in the acquisition and subsequent operation of several commercial and industrial companies controlled by Hicks Muse. Mills & Partners currently manages various Hicks Muse portfolio companies with total revenues of approximately $2 billion. International Wire, headquartered in St. Louis, is a leader in the design, manufacture and marketing of non-insulated bare and tin-plated copper wire, insulated wire and wire harnesses. The Company's products are utilized by a wide variety of customers primarily in the appliance A stand-alone hardware device or software environment dedicated to a specific task. See hardware appliance and software appliance. , computer and data communications data communications, application of telecommunications technology to the problem of transmitting data, especially to, from, or between computers. In popular usage, it is said that data communications make it possible for one computer to "talk" with another. , automotive and industrial equipment industries. |
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