# Bekaert and Ontario Teachers' Pension Plan merge ropes and advanced cords businesses

Bekaert and Ontario Teachers' Pension Plan agreed to merge the ropes and advanced cords businesses of Bekaert with Bridon, forming Bridon Bekaert Ropes Group. Bekaert will hold a 67% stake and Ontario Teachers' 33%, with combined annual sales of approximately €600 million. The merger is expected to complete in the first half of 2016.

- Type: Acquisition
- Announced: 2023-06-15
- Status: announced
- Products: ropes, advanced cords, wire, strand, steel ropes, synthetic ropes
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [Bridon Bekaert Ropes Group](https://endata.com/companies/70858.md)
- [Ontario Teachers' Pension Plan](https://endata.com/companies/2614.md) (partner)
- [Bekaert](https://endata.com/companies/15869.md) (acquirer)
- [Bridon](https://endata.com/companies/70857.md) (target)

## Sources

- [otpp.com](https://www.otpp.com/en-ca/about-us/news-and-insights/2015/ontario-teachers-pension-plan-and-bekaert-announce-merger-of-the-global-ropes-and-advanced-cords-businesses-of-bekaert-and-bridon/), 2023-06-15: "The intended combination will leverage the scale and complementary strengths of Bekaert and Bridon and will pursue value creation for customers and for the new group."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.