Tri Star Metals, LLC, a U.S.-based stainless and nickel alloy mill and distributor, announced that it has entered into a definitive agreement to acquire Siri Wire, which is based in Danielson, Connecticut.

A press release said that Siri Wire, a well-established regional stainless and nickel alloy re-draw mill with strong distribution capabilities, will continue to operate as an independent mill and distributor, led by Bryan and David Hitchcock. Bryan Hitchcock will remain president of Siri Wire and will join the Tri Star Metals Executive Committee.

The addition of Siri Wire will expand the capabilities of Tri Star Metals’ metallurgical, engineering, production, and IT teams, both for operational efficiencies and innovation. Both Siri Wire and Tri Star Metals will benefit from an expanded portfolio of products and sizes, leveraging each company’s manufacturing strengths. Further, significant capital expenditures will be allocated to implement advanced efficiencies and technologies developed at Tri Star Metals, improving product quality and performance. “This acquisition continues the tradition of integrating family-run businesses into the Bender Wire Group.”

“We are very pleased to welcome the Siri Wire team into our family,” said Jay Mandel, President and CEO of Tri Star Metals. “This strategic combination of manufacturing and distribution within the U.S. will enable us to better serve both TSM and Siri Wire’s customers. We have known the Hitchcock family for over 20 years and have always been impressed with their leadership and stewardship of Siri Wire.”

“Both my father and I are excited to join Tri Star Metals and the Bender Wire Group,” said Bryan Hitchcock, President of Siri Wire. “This partnership allows us to offer greater engineering and metallurgical support to our customers while expanding our product offerings throughout the region. Additionally, we look forward to growing our manufacturing operations and providing more opportunities for our dedicated workforce.”

“We are excited to welcome the team from Siri Wire into the Bender Wire Group,” said Ingo Bender, CEO of Bender Wire Group. “The American market has been an important part of our long-term global strategy to establish superior manufacturing and distribution capabilities near the core markets they serve.”