Orbitform / Ideal Acquires Patriot Wire
Orbitform / Ideal Acquires Patriot Wire
John Wolz
Ideal Products LLC completed the acquisition of operating assets of pin manufacturing competitor Patriot Wire Products Inc.
Terms on the transaction were not disclosed. Both companies are based in Beacon Falls, CT.
Patriot Wire, found in 1985, manufactures safety pins, badge pins and specialty pins primarily for the advertising, laundry/dry cleaning and window treatment industries. Patriot has 11 employees and annual sales of $1.5 million.
The 11 Patriot employees will be relocated to the 175,000 sq ft manufacturing facility of Ideal Products.
Ideal manufactures a range of fabricated metal components for the electrical, automotive, drapery and general industrial markets. Ideal is a division of the Jackson, MI-based Orbitform Group. Ideal�s annual sales are more than $10 million. Orbitform.com �2004 FastenerNews.com
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