Dorstener Drahtwerke Expands Specialty Wire Production in the US
WCJ Pilgrim Wire, a subsidiary of Dorstener Drahtwerke Group, has acquired Mount Joy Wire. The transaction expands the group's specialty steel wire manufacturing capacities and market presence in North America.
Full Acquisition of Mount Joy Wire
WCJ Pilgrim Wire of York, Pennsylvania, a subsidiary of the German Dorstener Drahtwerke Group, has completed the acquisition of all remaining shares in US-based Mount Joy Wire. The strategic step strengthens the group's footprint and market position in North America.
Manufacturing Capacities and Focus
Founded in 1991, Mount Joy Wire operates a 20,400-square-metre production facility and employs approximately 120 people. The company manufactures a broad portfolio of special wire products, including high-carbon wires. Mount Joy Wire will retain its management structure, operational focus, and existing workforce to ensure continuity for customers and suppliers.
Strategic Synergies in North America
The acquisition aligns with Dorstener Drahtwerke's long-term strategy of international diversification. The expansion enables WCJ Pilgrim Wire to broaden its offering through shared expertise and growing production and distribution networks across the United States.
Leadership Commentary
Paul Tüshaus, co-managing director of Dorstener Drahtwerke, highlighted that Mount Joy Wire's values as a family business make it an ideal fit. He noted that the acquisition creates benefits for all group companies through shared expertise, aligned capacities, and improved product availability at market-aligned prices.
