Wire Rope Industries Ltd.

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Wire Rope Industries Ltd.

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Dates of existence

1886-present

History

Wire Rope Industries Ltd. (WRI) stemmed from Noranda Mines' interest in Canada Wire. In 1953 a wire rope division had been formed. In 1963, in order to broaden its base and acquire expertise, this interest was amalgamated with those of Bridon Ltd. to form WRI. Bridon took a 60% interest, Canada Wire 40%. Early in 1975, to provide the funds for the purchase of another plant in the United States, Noranda made an additional investment in WRI and its sister company Bridon-American Corporation to raise its holdings to 51.4% in both companies.

Both WRI and Bridon-American Corporation manufacture steel wire rope. WRI was the largest such manufacturer in Canada, while Bridon-American was the fourth largest in the United States. In 1982, WRI acquired one of its U.K.-controlled competitors, Martin-Black.

A subsidiary of WRI, Gourock Industries Ltd., manufactured synthetic rope and netting at a plant near Montreal.

Source: Royal Commission on Corporate Concentration, Noranda Mines Limited: A Corporate Background Report. 1976. p. 14-15, 58.

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