Cargo securement manufacturer and supplier Heico has acquired Wistra GmbH Cargo Control, a German cargo securement products company.
The acquisition is seen as a way to broaden Heico’s portfolio of cargo securement companies and give the company a presence in Germany and the European Union.
“The strategic acquisition of Wistra Cargo Control is an excellent complement to the broad portfolio of cargo securement businesses within Heico,” said Steve Frediani, president and CEO of the Ancra Group, explained. “The addition of Wistra will give us a strong foothold in Germany and ready access to its EU trading partners and beyond.”
In addition to cargo securement products, Wistro also manufactures other products for medium- and light-duty applications. The company also produces double decking systems for curtain-side trailers.
“While each of Heico’s businesses run on a stand-alone basis, the various companies within the cargo securement space share resources and best management practices, in a concerted effort to push our industry forward,” said Frediani. “The addition of the Wistra team, products and brand will further enhance our capability and commitment to deliver the safety, innovation, quality and services our customers deserve.”