WRCA purchases Wireline
25 March 2008
Wire Rope Corporation of America (WRCA) has acquired Wireline Works, a market leader in electro-mechanical data logging cables used in cased hole applications. Terms of the transaction were not disclosed.
Ira Glazer, CEO of WRCA, said, “We are very excited to add Wireline Works to our family of companies. Their technical expertise, great quality and outstanding service make them a perfect fit with the strategic direction of our company.”
Canadian-based Wireline Works, which was founded in 2003, is known for its single conductor data logging cables.
WRCA has said that the existing Wireline Works management and sales team will remain in place. Bill Roberts and Rejean Lavoie have been named as vice presidents of WRCA.
Roberts will continue to serve as sales manager for Wireline Works and Lavoie will serve as vice president of operations. Augusto Hoyos, who has managed the manufacturing operations since the Wireline Works began, will continue in his role as general manager of the Calgary facility.
Terry Moffatt, Wireline Works founder, has resigned.