Midlands tube maker Caparo has bolstered its holdings with the acquisition of wire specialist Fairbright Industries.
Fairbright Industries, which employs 45 people at its base in West Bromwich, is a manufacturer and distributor of black annealed wire - heat treated wire which is not coated.
The company, which has a turnover of £7 million, is also active in the production of bright wire, cut to length wire, cut and looped wire and mesh panels, including brick guards.
The Fairbright Industries business will become a division of Caparo Wire and will continue to manufacture and distribute from its West Midlands base.
The new business known as Caparo Wire - Fairbright Works is currently re-locating to another Caparo Site in Phoenix Street, West Bromwich.
The current management team is being retained with David Howle as general manager following the deal, which was for an undisclosed sum.
Colin Steele, director of Caparo Steel products, said the acquisition would help his firm achieve its aim of increasing wire production from 60,000 to 100,000 tons per year.
He said: "It is a very good fit, our other factory had space on the site and now we are plan to develop the company, which already has some excellent products."
Caparo is a private, UKbased group, specialising primarily in the manufacture and supply of steel and engineering products for industry.
Angad Paul, chief executive of Caparo, said: "Fairbright Industries compliments our existing wire drawing activities adding both product strength and the route to new markets. "