Bridon Bekaert Ropes Group

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.