Alaska Rubber Group Acquires Arctic Wire Rope
Alaska Rubber Group expanded its capabilities and customer service with the acquisition of Arctic Wire Rope & Supply, based in Anchorage.
“We are pleased to join forces with Alaska Rubber Group and use our thirty-seven years of business experience to add value to the company. The most compelling reason for me was selling to an employee-owned company or ESOP, thus giving my dedicated employees part ownership in a much larger company and giving them a stake in the outcome,” said Eric McCallum, Arctic Wire Rope founder. McCallum will be staying on as general manager of Arctic Wire Rope. Arctic Wire Rope, the 2006 Alaskan Manufacturer of the Year, specializes in customizing rigging for custom slings, chokers, and bridles.
“With the addition of Arctic Wire Rope, the Alaska Rubber Group now has five locations in Alaska and five in Washington and 135 Employee Owners. Our combined expertise and resources will allow us to serve all our customers’ needs in rigging, industrial and hydraulic hose, and fittings,” says ARG President, Janeece Higgins.
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Alaska Problems Require Alaska Solutions
On January 16, a fire destroyed the water plant and washeteria in the southwest Alaska village of Tuluksak. For the village of about 350 people, it was a devastating blow. The water plant was the only source of drinking water in the village, in which the primarily Yup’ik residents lack indoor plumbing and rely on honey buckets, not uncommon in the flat, swampy region.