The New York Wire operations will become a stand-alone business unit as a wholly-owned subsidiary of Phifer.
Tuscaloosa, Alabama-headquartered Phifer is a family-owned manufacturer of woven wire, fiberglass and polyester mesh for insect and solar screening, sling and cushion furniture fabrics, drawn metal wire and engineered products used in a variety of industrial applications.
The transaction is structured as a cash purchase at an undisclosed value and is subject to customary closing conditions.
