Bishop Lifting Products Acquires Matex Wire Rope

SBP Holdings, through its wholly owned subsidiary Bishop Lifting Products, is has acquired Matex Wire Rope, headquartered in Kilgore, Texas. This bolt on acquisition fits into Bishop Lifting Products’ growth strategy to accelerate its position in Texas and Louisiana markets.

Matex Wire Rope joins Delta Rigging & Tools and Morgan City Rentals as part of the SBP Holdings group of companies. For more than 50 years, Matex has been a leading supplier of lifting solutions including: sling fabrication, wire rope and rigging hardware, fall protection, cable service, recertification and custom lifting solutions. The combined companies will now operate from 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, sand lines, 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.

Harold King, President of Bishop Lifting Products said, “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. The acquisition also adds to our capacity and geographic presence to key market customers.”