Posted August 2, 2017

Bishop Lifting Products acquires Matex Wire Rope

SBP Holdings, through its wholly owned subsidiary Bishop Lifting Products, has acquired Matex Wire Rope Inc. headquartered in Kilgore, Texas.

This bolt on acquisition fits into Bishop Lifting Products growth strategy to accelerate its position in Texas and Louisiana markets, the company said.

For over 50 years, Matex has been a supplier of lifting solutions including: sling fabrication, wire rope and rigging hardware, fall protection, cable service, recertification and custom lifting solutions. With branches in Shreveport, Louisiana, and the Texas cities of Pleasanton, Alice and Midland, the combined companies operate 20 branch locations throughout Texas, Louisiana, Oklahoma, Kansas, and Colorado.

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. Matex’s specialty services include: oilfield wireline spooling services, electromechanical cable splicing, wireline sheave repair, inspection and recertification.

“The acquisition of Matex complements our overall wire rope and rigging offering so we can now provide additional services to the oil and gas industry. This investment represents an important strategic opportunity to offer high quality products and service operations in and around Texas and Louisiana,” said Harold King, president of Bishop Lifting Products. “The acquisition also adds to our capacity and geographic presence to key market customers.”