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WireCo ties down purchase of large rope manufacturer

WireCo World Group lassoed an international manufacturer of synthetic ropes in a purchase valued at $177 million, the Kansas City Business Journal reports. Kansas City-based WireCo completed its purchase of Lankhorst Ropes on Thursday. Lankhorst makes synthetic ropes used in the marine, fishing and offshore-drilling markets and employs more than 1,300 people in facilities in the Netherlands, Portugal and Brazil. The deal give WireCo about 4,400 employees worldwide, including about 135 at its headquarters. Read More…