December 4, 2014, Naples, Florida, USA: The Pelican Wire Company is pleased to announce it has acquired Rubadue Wire, based in Greeley, Colorado, USA.
“This was a perfect opportunity to expand our business with a well-run, quality focused company playing a niche role in the wire and cable industry” said Ted Bill, President of Pelican Wire. “The combination of the two companies will allow us to leverage the strengths of the two manufacturing plants and increase the product offerings to all of our customers. I’m pleased to be bringing these two strong American manufacturing companies together.”
“I am pleased and honored to have the opportunity to continue the legacy of Rubadue Wire. In partnership with Pelican Wire we will be building on the unique capabilities of both operations to grow the company. Both companies have such great brand presence in their respective industries; I’m excited about the future of both businesses working together!” offered Sue Welsh, President of Rubadue Wire.
The two companies will be united as sister companies operating under the umbrella of Pelican Holdings Group. Rubadue Wire will continue to maintain its brand, facility, and management team in Greeley, Colorado. Pelican Wire will continue to operate out of its Naples Florida facility. “We created Pelican Holdings group to manage our expansion plans and to continue to increase shareholder value for our Employee Owners” said Ted Bill, who will serve as CEO of Pelican Holdings Group.
Naples, Florida based Pelican Wire Company is a custom manufacturer or wire and cable products used for electrical heating and temperature measurement. Specializing in resistance wire, thermocouple wire, and custom wire, Pelican has the capabilities to deliver on any wire and cable need.
Greeley, Colorado based Rubadue Wire is a pioneer in the wire and cable industry having created the world’s first triple insulated wire and developed the self-bonding fluoropolymer product line known as COILBOND. The Company has since expanded into a variety of multi-layer insulated wires and other value-added solutions in the wire and cable industry.
The Pelican Holdings Group was formed to better organize the assets of Pelican Wire and to setup the structure for future growth opportunities. Pelican Holdings Group is a 100% employee owned company dedicated to driving shareholder value.