WireCo offers products which can be used in several applications such as industrial, onshore and offshore oil and gas, mining, fishing and maritime end-markets. The company operates 24 manufacturing facilities in eight countries and employs approximately 4,000 people.
"WireCo is a trusted supplier of highly engineered, mission-critical products across a diverse range of end-markets," said Kosty Gilis, a managing director with Onex.
Manish Srivastava, a managing director at Onex added, "WireCo has an exceptional management team with a proven ability to successfully execute operational efficiency initiatives while maintaining strong customer relations irrespective of market conditions."
Onex Partners IV, Onex’ $5.7bn private equity fund, will make an equity investment of approximately £260m, of which Onex’ share is approximately £75m as a limited partner in the fund.
