south west wire rope for sale

Southwest Wire Rope"s Engineering Services Department provides engineered lifting devices, lift plans, and engineered load testing services under the leadership of experienced Professional Engineers with extensive experience in heavy lifting.

• Tensile Strengths are determined in accordance with Cordage Institute 1500.2. Test Methods for Fiber Rope. Minimum Tensile Strength (MTS) published assumes spliced eye tenninations at each end of the rope. Weights actually calculated at linear density under state preloaded (200d’J plus 4%. Diameter and circumference size published is nominal and reflects rope size after loading (10 cycles) to 50% ofMTS. See reverse side for application and safety information .

Plasma® 12 strand is the highest strength synthetic rope available. Plasma® 12 strand is manufactured from High Modulus Polyethylene (HMPE) that has been enhanced by Cortland’s patented recrystallization process. This process is especially effective in medium to large diameter ropes where strengths are over 50% higher and creep is significantly less than that of standard Spectra® 12 strand.

Since 1966 Southwest Wire Rope has expanded to become a recognized global wire rope supplier serving diversified markets with material handling, lifting & mooring products at five full-service locations. Large, full-range inventory includes their trademark “Gold Strand” wire rope; bright, galvanized, stainless steel & vinyl coated cable; plus wire rope slings & a variety of fittings & hardware.

Manufacturer of material handling, lifting and mooring products required by industries along the Gulf Coast. The company"s products include wire rope slings, nylon slings, round slings, chain, shackles, thimbles, sockets and other related products.

HOUSTON, Jan. 13, 2021 (GLOBE NEWSWIRE) -- Houston Wire & Cable Company (Nasdaq: HWCC) today announced that it has entered into a definitive asset purchase agreement for the sale of its Southwest Wire Rope business, a leading provider of lifting slings and wire rope and rigging products, for a purchase price of $5 million, subject to a working capital adjustment. The sale excludes approximately $2.6 million of trade accounts receivable, which HWCC will retain. HWCC expects to use the net sales proceeds and accounts receivable collections to further reduce Revolver debt.   HWCC has already reduced Revolver debt to approximately $21.4 million as of January 13, 2021, from a peak of $95.2 million in the first quarter of 2020.

James L. Pokluda III, HWCC President & CEO commented, “Southwest Wire Rope is a company that for over fifty years has been a leading supplier of quality lifting slings, wire rope and rigging supplies to the lifting industry. We wish them much success in the future. Proceeds from the sales of Southern Wire and Southwest Wire Rope allow us to reduce debt, which lessens financial risk in these uncertain times.”

With 45 years’ experience in the industry, Houston Wire & Cable Company, an industrial distributor, is a large provider of products in the U.S. market. Headquartered in Houston, Texas, the Company has sales and distribution facilities strategically located throughout the United States.

Standard stock items available for immediate delivery include continuous and interlocked armor cable; instrumentation cable; medium voltage cable; high temperature wire; portable cord; power cable; primary and secondary aluminum distribution cable; private branded products, including LifeGuard™, a low-smoke, zero-halogen cable; mechanical wire and cable and related hardware, including wire rope, lifting products and synthetic rope and slings; corrosion resistant fasteners, hose clamps, and rivets.

We offer a large inventory of import & domestic wire rope including specialty, general purpose and galvanized options. In addition to our traditional green and white wire rope, we provide a full line of wire rope fabrication through 3.5 inch diameter including proof testing. Southern Wire also offers an extensive line of synthetic slings including web and poly-round slings, private labeled with a custom name and contact information.

Houston Wire & Cable Co. (Nasdaq: HWCC), Houston, Texas, on Monday announced that it completed the sale of its Southwest Wire Rope business in an asset transaction for $5 million.

“We are pleased that we were able to complete the sale of Southwest Wire Rope and, as communicated in prior releases, applied all sale transaction proceeds towards the reduction of debt,” said James L. Pokluda III, HWCC president and CEO. “The company has made remarkable revolver debt reduction progress over the last 12 months. Including the $3.4 million received, and collection of the estimated $2.9 million of trade accounts receivable, we estimate proforma revolver debt to be $15.4 million, which is a reduction of $70.5 million versus the close of the first quarter 2020.”

Houston Wire & Cable Co. (Nasdaq: HWCC), Houston, Texas, on Wednesday announced that it has agreed to sell its Southwest Wire Rope business in an asset transaction for $5 million.

The sale of Southern Wire Rope, a Houston-based provider of lifting slings and wire rope and rigging products, excludes $2.6 million of trade accounts receivable, which HWCC will retain. HWCC said it expects to use the net sales proceeds and accounts receivable collections to further reduce revolver debt.

“Southwest Wire Rope is a company that for over 50 years has been a leading supplier of quality lifting slings, wire rope and rigging supplies to the lifting industry,” said James L. Pokluda III, HWCC president and CEO. “We wish them much success in the future. Proceeds from the sales of Southern Wire and Southwest Wire Rope allow us to reduce debt, which lessens financial risk in these uncertain times.”

HOUSTON — Houston Wire & Cable Company (HWCC) announced Wednesday that it has entered into a definitive asset purchase agreement for the sale of its Southwest Wire Rope business, a provider of lifting slings and wire rope and rigging products, for a purchase price of $5 million, subject to a working capital adjustment. The sale excludes approximately $2.6 million of trade accounts receivable, which HWCC will retain. HWCC expects to use the net sales proceeds and accounts receivable collections to further reduce Revolver debt. HWCC has already reduced Revolver debt to approximately $21.4 million as of January 13, from a peak of $95.2 million in the first quarter of 2020.

James L. Pokluda III, HWCC President & CEO commented, “Southwest Wire Rope is a company that for over fifty years has been a leading supplier of quality lifting slings, wire rope and rigging supplies to the lifting industry. We wish them much success in the future. Proceeds from the sales of Southern Wire and Southwest Wire Rope allow us to reduce debt, which lessens financial risk in these uncertain times.”

HWCC announced Jan. 6 that it completed the sale of its Southern Wire business, a wholesale distributor of wire rope and rigging products, to Southern Rigging Companies. The sale closed on December 31, 2020 for a purchase price of $20 million, subject to a working capital adjustment. HWCC used the net proceeds of approximately $18.1 million to reduce debt.

The Company made great progress reducing debt during the year as Revolver debt decreased $66.4 million from its peak of $95.2 million in the first quarter to $22.6 million at year-end. The Revolver debt reflects proceeds from the sale of the Southern Wire division at December 31, 2020 of $18.1 million. Excluding the Southern Wire proceeds, Revolver debt at year-end would have been $40.7 million.

James L. Pokluda III, HWCC President & CEO commented, “We are excited we were able to complete the Southern Wire sale in 2020 and I am pleased to report that the sale of this division, together with our prudent management of working capital and expense reduction initiatives, has allowed us to reduce our debt to $28.8 million at year end, down 70% from the peak in 2020. In addition, we were able to achieve this debt reduction while maintaining our outstanding customer service.”

With 45 years’ experience in the industry, Houston Wire & Cable Company, an industrial distributor, is a large provider of products in the U.S. market. Headquartered in Houston, Texas, the Company has sales and distribution facilities strategically located throughout the United States.

Standard stock items available for immediate delivery include continuous and interlocked armor cable; instrumentation cable; medium voltage cable; high temperature wire; portable cord; power cable; primary and secondary aluminum distribution cable; private branded products, including LifeGuard™, a low-smoke, zero-halogen cable; mechanical wire and cable and related hardware, including wire rope, lifting products and synthetic rope and slings; corrosion resistant fasteners, hose clamps, and rivets.

HOUSTON, March 15, 2021 (GLOBE NEWSWIRE) — Houston Wire & Cable Company (Nasdaq: HWCC) today announced that it completed the sale of its Southwest Wire Rope business, a leading provider of lifting slings and wire rope and rigging products, for a purchase price of$5 million, subject to a working capital adjustment. The sale excluded approximately $2.9 million of trade accounts receivable, which HWCC retained. HWCC used the net sales proceeds of approximately $3.4 million to further reduce revolver debt.

James L. Pokluda III, HWCC President & CEO commented, “We are pleased that we were able to complete the sale of Southwest Wire Rope and, as communicated in prior releases, applied all sale transaction proceeds towards the reduction of debt. The company has made remarkable revolver debt reduction progress over the last twelve months. Including the $3.4 million received, and collection of the estimated $2.9 million of trade accounts receivable, we estimate proforma revolver debt to be $15.4 million, which is a reduction of $70.5 million versus the close of the first quarter 2020.”

With 45 years’ experience in the industry, Houston Wire & Cable Company, an industrial distributor, is a large provider of products in the U.S. market. Headquartered in Houston, Texas, the Company has sales and distribution facilities strategically located throughout the United States.

Standard stock items available for immediate delivery include continuous and interlocked armor cable; instrumentation cable; medium voltage cable; high temperature wire; portable cord; power cable; primary and secondary aluminum distribution cable; private branded products, including LifeGuard™, a low-smoke, zero-halogen cable; and corrosion resistant fasteners, hose clamps, and rivets.

BC Wire Rope & Rigging is a full service provider of wire rope, slings, chain, hoists, and rigging equipment. BC Wire Rope has served the heavy lifting needs of customers throughout Los Angeles, San Diego, Las Vegas, Tucson and the Western United States since 1974. Specializing in lifting products ranging from fall protection to synthetic slings, BC Wire Rope & Rigging carries products from the industry’s most reputable vendors including Crosby, Slingmax, Campbell, and Bridon American. With ample testing and manufacturing capabilities, BC Wire Rope is also the manufacturer of KWIK synthetic slings.

BC Wire Rope was onsite as the last steel beam was raised by Schuff Steel at the new, future home of the Los Angeles Rams and LA Chargers at SofFi Stadium in Inglewood, California. The raising of the last beam is marked by the raising of a ceremonial Christmas Tree, […]

Established nearly 40 years ago in Southern California, BC Wire Rope now manufacturers and distributes wire rope from 5 locations to strategically serve customers across the West Coast. Headquartered in a 35,000 square foot warehouse and manufacturing facility in Anaheim, BC Wire Rope is the premier provider of rigging throughout the greater Orange County and Los Angeles area and also has branches in Tucson, Las Vegas, San Diego, and Elko. These locations allows BC to stock a full inventory of specialty lifting products and enables BC to efficiently meet a wide range of manufacturing needs.

Full in-house testing and wire rope manufacturing capabilities help ensure that BC Wire Rope can meet or exceed its customers’ needs. BC Wire Rope can press wire rope slings and swaged boom pendants, splice slings and soft rope, and can fabricate special end fittings. BC also manufacturers its own line of synthetic slings through its KWIK Products division. KWIK Products include nylon eye & eye endless flat slings, high performance fiber slings, polyester round slings, and choker and basket hardware slings. BC Wire Rope also provides customers with proof testing through use of its 4 test beds that can test slings, blocks, and hardware with up to 1 million pounds of force.

BC Wire Rope & Rigging’s unrelenting focus on customer service and industry leading products is evidenced by its ‘Quality – No Compromise’ motto. BC Wire Rope has been a proud member of the wire rope industry’s trade association—Associated Wire Rope Fabricators (AWRF)—for over 35 years. The commitment to longstanding industry relationships is also demonstrated by the fact the more than half of BC Wire Rope’s employees have remained with the company for over 18 years.

With years of industry knowledge and a full product inventory, chances are that BC Wire can meet your lifting needs. Contact the specialists at BC Wire Rope today to find out more about what BC Wire Rope can do for you.