Delta Rigging & Tools Acquires Coastal Wire Rope & Supply
July 21, 2008 • Delta Rigging & Tools, Inc., Lake Jackson, Texas, reported it has acquired Coastal Wire Rope & Supply Inc., Houma, La., its fifth acquisition in three years.
Coastal manufactures and distributes a variety of wire rope and rigging products, including wire rope, slings, cordage, and rigging hardware, to Gulf Coast customers in the oil and gas industries. Approximately 40 full-time employees work at Coastal's Houma facility, and all are expected to stay on under the new ownership. Coastal Wire Rope & Supply's founders, Kurt Charpentier and Tommy Dyson, will remain with the company to help Delta Rigging & Tools grow the business.
“Delta Rigging & Tools' goal is to be the one-stop resource for large industrial users that want to buy or rent rigging and lifting equipment or need a high-quality provider of inspection and repair services,” says Kevin Rodgers, CEO. “Coastal Wire Rope & Supply strengthens our commitment on all fronts. The company is very highly regarded, deepens our penetration into south Louisiana and in the offshore market, and brings a new specialty product to our line — large-diameter wire rope slings.”
In addition to oil and gas, Delta Rigging & Tools serves a wide variety of niche industrial industries, including utility, power plant, mining, aerospace, shipyard and chemical, marine, petrochemical, construction, timber, and transport markets. Typical applications include plant shutdowns and turnarounds, plant maintenance, inspection, testing, and repairs.
