Company Description

Cleveland Wire Cloth & Manufacturing Co. (“the Company or CWC”) is a leading U.S. fabricator of industrial wire cloth and wire mesh products, whose products include industrial wire mesh baskets, vibrator screens, cages and safety guards, filters, strainers, and sieves. The Company offers products in nearly every ductile metal or alloy that can be drawn into wire, and specializes in corrosion-resistant and heat-resistant alloys.

Given the broad applicability of its products, the Company serves a wide variety of end markets, including food processing, electronics, construction and architecture, farming and agriculture, pharmaceuticals and medical equipment, consumer products, energy, and aerospace.

Services Provided

MelCap Partners served as CWC’s exclusive investment banker and financial advisor in the sale of the Company. We’d like to thank Chet Crone, President & Owner of Cleveland Wire Cloth for hiring MelCap Partners to represent CWC in this transaction. It was an honor and pleasure to work with him and his team throughout this exciting process.

The Result

In an effort to provide the shareholders of CWC with liquidity, and to continue to support the Company’s strategic growth plans, MelCap Partners was able to successfully identify the ideal buyer for the business. As a result, CWC was sold to Freshwater Capital, a Cleveland based family investment firm focused on making controlling investments in middle-market manufacturing and specialty distribution businesses based in Northeast Ohio and the Great Lakes region. This will create the perfect opportunity for CWC to continue growth and expand offerings to its customer base.