6/2/2022 -

U.S.-based Clearfield, which specializes in fiber management and connectivity platforms for communication service providers, has entered into a definitive agreement to acquire Finnish company Nestor Cables, a leading developer and manufacturer of fiber optic cable solutions.

A press release said that the pending acquisition follows a long-standing, synergistic relationship between Clearfield and Nestor, who have worked together for over a decade. Founded in 2007 in Oulu, Finland, Nestor’s product portfolio includes fiber optic cables, connectivity accessories for fiber optic networks and instrumentation, and the Nestor Optimus product family for microduct networks. Nestor offers complete solutions for fiber optic networks, including FTTH and FTTP.

Nestor has a strong market position in Finland as a supplier of optical fiber cabling. The company also exports many of its products to the European continent, accounting for approximately 30% of its annual revenues. In 2021, Nestor generated EUR €31.7 million in revenue under Finnish Accounting Standards

Nestor operates two production facilities and has customers in more than 50 countries. Since 2012, Nestor has supplied fiber optic cables for Clearfield. The strategic acquisition will enable Clearfield to vertically integrate the supply of its fiber optic cables to meet future customer demand. It also makes it possible for Clearfield to leverage Nestor’s deep technical expertise.

The deal will also enable Clearfield to extend the available supply of FieldShield fiber into the North American market. Clearfield expects to open optical fiber production in its Mexico facility and begin production of optical cable in North America in early calendar year 2023.

6/2/2022 

Matthew Bedell has been promoted to vice president of the Industrial Specialties business unit for North America for the Prysmian Group, responsible for directing all commercial activities. He has more than 20 years of process engineering, operations management, supply chain, and commercial experience. He began his career with Prysmian Group as part of General Cable in 2002. He was part of the integration of the aluminum building wire business and led the aluminum rod and strip business following the acquisition of Alcan Cable in 2012. After the acquisition of General Cable by the Prysmian Group in 2018, Bedell held leadership responsibilities for all of U.S. inside sales. He most recently was responsible for commercial operations in the Trade & Installers business unit. He replaces Richard Parvesse, who was recently appointed president of Prysmian’s Elevator and Escalator business unit, Draka EHC. The Prysmian Group which operates in more than 50 countries and has 108 plants and approximately 29,000 employees, is a leader in many wire and cable fields.

Chris Blakeman has been promoted to vice president/general manager of Davis Wire. He joined the company in 2018 as director of operations, and has extensive international leadership experience. Prior to that, he was general manager at Insteel Industries and plant manager for Chatsworth Products, with his longest tenure at Bekaert, where he worked for nearly 19 years, mostly in managerial positions, in locations in the U.K., Belgium, Czech Republic, U.S. and Costa Rica. He is certified in Six Sigma and can also speak French, Spanish and Dutch. He holds a B.Sc. degree in mechanical engineering from the University of Wolverhampton, and a M.Sc. degree in advanced materials from Cranfield University. Part of the Heico Group and based in Irwindale, California, Davis Wire specializes in galvanized, brite and reinforcing wire.

LS Cable & System USA reports that Adnan Skopljak is a new regional sales manager. He has more than 15 years of professional experience, most recently serving as a regional sales manager for Southwire Company, where he worked for six years in utility wire and cable. He has a degree in business management from the University of West Georgia. Based in Georgia, LS Cable & System USA manufactures energy wire and cable products serving the commercial, industrial, renewable energy and utility markets.

 Robert Auger was named plant director for the Lincoln, Rhode Island site of the Prysmian Group. He most recently was vice president of operations for Champlain Cable Corporation, which he joined in 2017. Prior to that, he was vice president of operations for Comtran Cable, where he worked for 14 years, and before that he had worked for two years at Alpha Wire and 18 years for C&M Corporation. The Prysmian Group, which operates in more than 50 countries and has 108 plants and approximately 29,000 employees, is a leader in many wire and cable fields.

Luvata Senior Vice President and CFO Pekka Kleemola has been promoted to president. He has worked for the company and its predecessors for nearly 20 years. He replaces Jussi Helavirta, who joined Luvata in 2000 and was the president of Luvata Special Products division when it was acquired by Mitsubishi Materials Corporation in 2017. Kleemola said that Helavirta was a highly valued and respected leader, and under his leadership the company had moved toward a more modern and open corporate culture, developing processes, operations and global presence. Based in Finland, Luvata has a diversified product portfolio that includes wire. It has operations in seven countries, which includes Accurate Wire in Branford, Connecticut.

6/2/2022 -

Gina Guzowski has joined Wire Association International as sales manager. She most recently worked at Sargent Manufacturing, where she was a customer support specialist.

Prior to that, Guzowski worked for four years as a customer account representative for RFS, where she handled all the cable, wire and antenna deployments for cell tower build ups. She collaborated with engineering, applications engineers, technical services, teams, project managers, product managers, supply chain, vendors, shipping and logistics until the products were delivered to the site. She holds a degree in international business from Marymount College.

She will report to Shannon Timme, who was promoted to director of sales at the beginning of the year. The two-person sales team will serve the marketing interests of the wire and cable industry by connecting suppliers and customers through the Association’s Interwire and Wire Expo events as well as the Association’s official publication, the Wire Journal International.

“We are excited to have Gina join the team,” said WAI Executive Director Steve Fetteroll. “She has a great background, including her wire and cable experience at RFS. She joined the organization at an ideal point as she will be supporting the organization at Wire Expo and at the Association’s booth in wire Düsseldorf.”

6/2/2022 -

From last May to this May, the WAI has added a total of 26 new companies to the Association’s Platinum portfolio. The gain is impressive as in 2021 WAI was not able to stage Interwire, which is a strong event for adding members as well as Platinum Members.

Per the Association’s bylaws, WAI membership operates on an individual basis, so the Platinum membership works a bit differently. The Platinum option is a good incentive for companies to register a group of up to five individuals with a slight savings and some additional perks (such as their logo on the homepage of the Association’s website). There is no limit as to how many Platinum groups a company could have. However, the memberships still work as individual ones.

WAI’s total member base now tops 2,000, and is expected to see further growth thanks to the return of in-person events. That number now includes 271 individuals who fall into the Platinum Member category.

One of the new Platinum Member companies—Kimber Kable, a specialist in high-end audio cables owned by WAI Life Member Ray Kimber—described the Association as a dependable resource in professional development and networking. “With the ongoing workforce challenges coupled with the disruptive Covid environment, companies recognize that membership provides high value educational services and a connection to the broader profession. Seeing more companies sign up for Platinum Memberships confirms that we are following a direction that the industry needs and appreciates.”

6/2/2022 -

In just a few days, Wire Expo 2022 will be held in Dallas, but coming up quickly is an important meeting that is essential to Interwire 2023.

The WAI will hold the points meeting for Interwire 2023 on Wednesday, June 15, at its headquarters in Madison, Connecticut. The process determines how booths are assigned based on the WAI’s established priority point program. For more details, contact the WAI sales team of Shannon Timme and Gina Guzowski.

6/2/2022 –

Italy’s Prysmian Group has launched an innovative share-based variable remuneration and profit-sharing plan in company shares, aimed potentially at more than 25,000 employees between blue and white collar workers of the Group, in over 35 countries.

A press release said that the measure was approved at a shareholders meeting. The current plan, to run for 2022 to 2024, provides for the allocation of a maximum of 3,000,000 shares. The goal was to enable a broad base of employees, mainly blue collar workers, to share in the creation of value that the Group hopes to generate in the coming years.

“We are a genuine public company and it is key for us to align the interests of all stakeholders, from employees to shareholders, around the common goal of creating long-term sustainable value,” said Prysmian Group CEO Valerio Battista. “To achieve this goal, it is therefore essential to involve those who are not recipients of share-based incentive plans usually reserved for managers and executives, such as stock options.”