MBO at Alloy Wire signals investment drive

A UK manufacturer of round, flat and profile wire has completed a management buy-out (MBO) as it looks to target £15m annual sales for the first time in its 77-year history.Alloy Wire International (AWI)’s senior management team, comprising managing director Tom Mander, technical director Andrew Du Plessis and finance director Adam Shaw, has purchased the business from the current owners. The trio have also pressed the button on a near £1m investment drive that will see new wet-drawing and single-hole dry-drawing machines arrive during the course of the year, along with an annealing line spooler.
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