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Johnstown Wire Technologies Acquired by Private Investment Firm

Johnstown Wire is the largest independent producer of high-quality, value-added carbon and alloy wire in North America. The company focuses on customized specialty wire products consisting of cold heading quality, plated, and premium direct-drawn products where metallurgical quality is the differentiating factor.  Headquartered in Johnstown, Pa., the company's products are sold into a variety of end markets, including transportation, construction, utilities, and select consumer durables.  Since 1911, and formed from Bethlehem Steel, JWT has been a pioneer in the industry, producing steel wire and maintaining leading market positions with a broad customer base.
 
Christopher H. Thomas, Partner of Aterian, said, "For more than 100 years, Johnstown Wire has been a leader with unmatched depth and breadth of its product portfolio and excellence in quality and customer service.  We look forward to working with management and supporting the company in its growth and strategic initiatives while delivering value to its customers."
 
Walt Robertson, president of Johnstown Wire, said, "This transaction is a significant step in the company's history. Aterian is a firm with a demonstrated track record of expanding product development and capabilities, investing in operations, and growing businesses alongside management.  Aterian's support will allow Johnstown to continue to drive results through execution of its strategic plan and its relentless focus on product excellence and customer service."