04/15/2025
Press Release
Tri Star Metals Signs Letter of Intent to Acquire Siri Wire
Freeport, Illinois – April 15, 2025 – Tri Star Metals, LLC, a leading U.S.-based stainless and nickel alloy mill and distributor, today announced that it has entered into a definitive agreement to acquire Siri Wire. Based in Danielson, Connecticut, Siri Wire is a well-established regional stainless and nickel alloy re-draw mill with strong distribution capabilities.
Under the terms of this agreement, Siri Wire will continue to operate as an independent mill and distributor, led by Bryan and David Hitchcock. Bryan Hitchcock will remain President of Siri Wire and will also join the Tri Star Metals Executive Committee.
Key Benefits of the Acquisition:
· Expanded Capabilities: Siri Wire will gain access to Tri Star Metals’ metallurgical, engineering, production, and IT teams, enhancing operational efficiencies and innovation.
· Broader Product Range: Both Siri Wire and Tri Star Metals will benefit from an expanded portfolio of products and sizes, leveraging each company’s manufacturing strengths.
· Investment in Growth: Significant capital expenditures will be allocated to implement advanced efficiencies and technologies developed at Tri Star Metals, improving product quality and performance.
· Commitment to Tradition: This acquisition continues the tradition of integrating family-run businesses into the Bender Wire Group, reinforcing a shared legacy of excellence and customer commitment.
“We are very pleased to welcome the Siri Wire team into our family,” said Jay Mandel, President and CEO of Tri Star Metals. “This strategic combination of manufacturing and distribution within the U.S. will enable us to better serve both TSM and Siri Wire’s customers. We have known the Hitchcock family for over 20 years and have always been impressed with their leadership and stewardship of Siri Wire.”
“Both my father and I are excited to join Tri Star Metals and the Bender Wire Group,” said Bryan Hitchcock, President of Siri Wire. “This partnership allows us to offer greater engineering and metallurgical support to our customers while expanding our product offerings throughout the region. Additionally, we look forward to growing our manufacturing operations and providing more opportunities for our dedicated workforce.”
“We are excited to welcome the team from Siri Wire into the Bender Wire Group,” said Ingo Bender, CEO of Bender Wire Group. “The American market has been an important part of our long-term global strategy to establish superior manufacturing and distribution capabilities near the core markets they serve.”
About Tri Star Metals
Tri Star Metals, LLC is a premier manufacturer and distributor of stainless, aluminum and nickel alloy products. With a commitment to innovation, quality, and customer service, Tri Star Metals serves a diverse range of industries across North America.
About Siri Wire
Siri Wire is a regional leader in stainless and nickel alloy re-draw mill and distribution services. With a reputation for high-quality manufacturing and customer-focused solutions, Siri Wire continues to be a trusted partner in the industry.
About Bender Wire Group
The Bender Group, headquartered in Hagen, Germany, is a family-run, medium-sized group of companies with operations in both Germany and the USA. For over 200 years, we have been shaping the future of wire technology, driving innovation and progress across industries. Today, our expertise extends beyond wire production to include systems, cosmetics, and foodstuffs. Our commitment to quality, tradition, and passion fuels our continuous innovation and success.
For media inquiries, please contact:
Nick Pigott
[email protected]
855-TRI-STAR