Stride Supplies Ltd acquire Direct Wire Ltd
Stride Supplies Ltd is pleased to announce the acquisition of Direct Wire Ltd.
Stride Supplies Ltd are currently the largest supplier of spring wire to the home markets and this deal is of strategic importance as it cements their position as the leading provider of stainless and high carbon wires to the UK automotive, aerospace, medical and associated industries.The transaction will provide Stride with access to new customers and suppliers, as well as additional warehouse space which will facilitate further organic growth into new product areas.
Graham Howes, Chairman commented:
“This acquisition is one of a number of initiatives the board has been working on as part of Stride Supplies’ strategic business plan. We are delighted to have completed the purchase of Direct Wire and we look forward to continuing its dedication to its customers and the commitment to service and quality that is a hallmark of both companies”