Johnstown Wire Technologies, Inc., the largest independent producer of high-quality, value-added carbon and alloy wire in North America, today announced the appointment of J. David Reed as President and CEO effective September 12, 2016. Mr. Reed brings more than 30 years of relevant industry experience to his new role, having previously served as President of Essex Group, Inc., a leading global industrial magnet wire manufacturer. Mr. Reed replaces Ron Shaffer, who will be retiring. Johnstown Wire Technologies is an affiliated portfolio company of Aterian Investment Partners (“Aterian”).
“We are excited for David to join the Johnstown Wire team. We welcome his experience and leadership as we continue to grow and invest significantly in new technology and equipment at Johnstown,” said Christopher H. Thomas, Partner of Aterian. “In his new role, he will continue to focus on building strong partnerships with Johnstown’s customer base while delivering best-in-class quality and engineered solutions.”
Johnstown Wire Technologies, Inc., headquartered in Johnstown, PA and formed from the assets of Bethlehem Steel Corp. in 1992, is one of the largest producers of value added carbon and alloy wire in North America. Johnstown focuses on segments where metallurgical quality is a differentiating factor. The company operates from a single 638,000 square foot facility in Johnstown, PA and employs over 200 people.