Loos Tombstone Web

Loos & Co

Business Description

Loos, headquartered in Pomfret, CT has been a leading manufacturer of specialty small diameter wire, wire rope and cable, cable assemblies, and cable hardware (fittings, terminals) to the industrial, aerospace and defense, distribution and medical markets.

Within the markets and industries that it serves, Loos is the market leader. Loos is the only vertically integrated manufacturer of aircraft control cable, cable assemblies, and hardware accessories - drawing wire, stranding into cable, manufacturing end fittings, and producing cable assemblies.

Background

Loos is a 60 year old family owned company and was looking find a buyer that would continue the company’s commitment to its customers, employees, the highest quality products and to uphold the company’s legacy. After entertaining an approach by a PE firm, the owners approached CMM to prepare the company for sale and run a process.

Solution

CMM worked with the company for six months preparing them to sell the business. Loos launched a broad auction and selected Central Wire. CMM’s preparation was important to the smooth due diligence and legal process. The addition of Loos to the Central Wire Group of Companies continues their strategy of broadening and diversifying product offerings and markets’ served around CWI’s industry-leading stainless and nickel alloy wire business.

Richard Griswold, Loos’ President commented, ““Loos is excited to join Central Wire. We are certain that the combination of these complementary businesses will provide a multitude of benefits, not the least of which is a company with both the strength and expertise to better serve all of our customers’ needs.”