Bishop Lifting Products, a Houston, TX-based wholly owned subsidiary of SBP Holdings, has acquired Matex Wire Rope Inc., Kilgore, TX. Terms were not disclosed.
The bolt-on acquisition allows Bishop Lifting Products to expand its presence in the Texas and Louisiana markets. Matex provides sales, service and repair for all types of wire rope and cable, including, drill lines, sandlines, electromechanical cable (EWL) and other specialty cables.
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