USA. Yale Cordage forms new subsidiary; acquires assets of Wall Rope, Inc. Print E-mail
Wednesday, 18 October 2006
Company news:

Officials of Yale Cordage, Inc., has announced the formation of Yale Rope Technologies, Inc., a wholly owned subsidiary. The new company has acquired the assets of Spencer, North Carolina-based Wall Rope, Inc. According to Tom Yale, president of Yale Cordage, Inc., the North Carolina facility will continue manufacturing product, while sales and administration functions will be shifted to Yale Cordage’s Saco, Maine, facility.

“We are very excited about the opportunities this acquisition presents, combining the talents, traditions, technology, and production capacity of these two great companies. Together, the two companies have more than 235 years of rope-making history,” said Tom Yale.

The combined companies will continue to produce traditional rope products, as well as today’s most advanced-fiber ropes to a broad spectrum of markets. The companies currently service the power utility, oceanographic, recreational marine, arborist, oil production, paper, and timber-harvesting industries.
Last Updated ( Wednesday, 18 October 2006 )
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