Chase Corporation announced that it has acquired Stewart Superabsorbents (SSA), LLC, an advanced superabsorbent polymer (SAP) formulator and solutions provider, with operations located in Hickory and McLeansville, North Carolina.

  A press release said that for its most recently completed calendar year, SSA and its recently acquired Zappa-Tec business (collectively “Zappa Stewart”) had combined revenue in excess of $24 million. Zappa Stewart’s products include materials for diverse markets that include wire and cable, for which it provides direct application of swellable powder, liquid, or hot melt adhesives for substrates such as non-wovens, yarns, strength members and shielding tapes.

  The business, the release said, was acquired for $71,382,000, net of cash acquired, pending any working capital adjustments and excluding acquisition-related costs. As part of the deal, Chase acquired the business equity and entered into multiyear leases at both locations.  

“This is a highly complementary acquisition for Chase Corporation which leverages our existing channels to industrial markets and allows us to deliver more value to our customers,” said Chase President and CEO Adam P. Chase. “Zappa Stewart’s proven protective materials technology is a great fit with our core strategy and extends our reach into growing medical and consumer applications. Their North Carolina operations will broaden our capabilities, and will add two facilities near the three we already have in the region. The new technologies and additional management talent will enhance our cross-functional operating model, creating logical synergies and value-creation opportunities.”

  Chase Corporation will continue to manufacture and market under the Zappa Stewart brands and locations, with plans to integrate Zappa Stewart into its ERP platform in the coming months to further enhance existing operational, development and engineering expertise.

U.S.-based Banker Wire, reports that it has bought property just two miles from its current location in Mukwonago, Wisconsin, where it will build a new, larger plant.

  A press release said that the company, which manufactures woven and welded wire mesh for architectural and industrial applications, had to take action for its future. “As we’ve grown and evolved, we reached a point where we had to decide whether we should add on to our current facility or build a new one,” said Banker Wire President Dave Stout. “In the end, we decided to push forward into a new facility. My goal is to build the best, most efficient wire mesh manufacturing location in the world.”

  Stout said that the company has gone this route before. In 2009, after acquiring a new building and 20 acres of land, Banker Wire relocated from Muskego to its present location in Mukwonago. In 2012, the company added a 50,000-sq-ft addition that expanded the facility to a total of 152,000 sq ft. The new site, which will be 182,000 sq ft, “will give us the opportunity to gain efficiency and tailor the overall layout in a way that will enhance the work environment for our employees,” he said.

  Banker Wire notes that the company has an extensive history in the greater Milwaukee area. Established by Charles Banker in 1896 as C.I. Banker Wire & Iron Works, the company flourished in Milwaukee as one of many by the mid 1970s, it transitioned from a reselling operation to a manufacturer. Today, it supplies pre-crimped woven or welded wire mesh. The new location will  include a new wire mesh welder that it said “will be the widest wire mesh machine in the United States.”
 
  Banker Wire, which has 135 employees, plans to hire more staff with the addition of the new welder. The new facility is expected to be fully operational by March 2019.

 The U.S. Department of Commerce (Commerce) announced that it is investigating claims that Mexico’s Deacero S.A.P.I. de C.V. (Deacero) is shipping narrow gauge wire rod to the U.S. to circumvent an existing antidumping duty (AD) order on carbon and certain alloy steel wire rod.

  Per a report in the Federal Register, on Oct. 27, 2017, Nucor claimed that Deaceri was shipping wire rod less than 4.45 mm in diameter to avoid existing orders. “After analyzing the information in the Circumvention Allegation and Supplemental Circumvention Allegation, we determine that Nucor has satisfied the criteria listed above to warrant an initiation of a formal anti-circumvention inquiry,” it said. In 2012 ruling, the Department found that wire rod (4.75 mm to 5.00 mm) produced in Mexico and exported to the U.S. by Deacero did circumventing an existing AD order on wire rod from Mexico.

  In another report, Nucor was cited as saying that that Deacero was “engaging in gamesmanship, altering its wire rod in minor respects by further reducing the diameter of its wire rod by a mere 0.35 mm solely to circumvent the (AD) Order.”  Nucor further asserts that Commerce should “find that all wire rod regardless of minimum diameter that otherwise satisfies the scope definition of wire rod and produced by Deacero is . . . subject to the Order.”

An epic Canadian project that took nearly four years of engineering, manufacturing, installation and testing has been completed, and Nexans reports that it has completed its contract to supply the longest submarine power cables in North America.

A press release said that the two 200 kV mass impregnated (MI) HVDC cables, each 170-km long and weighing approximately 5,500 tons, are part of the Maritime Link Project conducted by NSP Maritime Link Inc. (NSPML), an indirect subsidiary of Emera Inc. The 175 million euro contract also includes some 50 km of overland transmission cables in Nova Scotia and close to another 300 km cables of overland transmission on the island of Newfoundland. The cables were manufactured at Nexans’ factories in Halden, Norway, and in Futtsu, Japan.

Nexans installed the submarine cables in the Cabot Strait to a depth of approximately 470 meters, protecting them on the seabed and electrically interconnecting the provinces of Nova Scotia and Newfoundland and Labrador for the first time. The final high-voltage tests were successfully conducted on the link in September 2017.

“We are thrilled to be part of this exciting project and we are happy to have completed the installation of these two submarine cables, the longest in Northern America, after almost 600,000 hours of designing, manufacturing and laying works,” said Nexans Project Manager Geir Korstad. “This success is undoubtedly the result of hard work and dedication of our highly-competent Nexans teams as well as the seamless cooperation with NSPML and our partners.”

The release described the Maritime Link Project as a new 500 MW (+/- 200 kV) HVDC interconnection that consists of converter stations and associated high-voltage alternating current (HVAC) switchyards as well as two HVDC transmission lines, a 230 kV HVAC transmission line, and associated infrastructure. The Maritime Link Project began in 2011. The project, it said, is part of efforts for Canada, which gets two-thirds of its electricity from renewable resources, to reduce its coal emissions by 50% by 2030. It will also enable Nova Scotia to meet regulations requiring 40% renewable energy by 2020.