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’s Giving Pipeline
Few large foundations support “the general good” or social service projects in Alaska, so the Last Frontier has a pretty thin philanthropic layer, according to United Way of Anchorage Vice President Cassandra Stalzer. However, the oil and gas industry has a history of stepping in and filling the gaps in Alaska communities by providing money and volunteers for myriad charitable efforts in the state.