Samson Sold To Management Group—Will Focus On Expanding Use Of High Performance Ropes
Enserch Corporation of Dallas, Texas, has sold its wholly owned subsidiary, Samson Ocean Systems, Inc., to the company's management group of Stephen Swiackey, president and chief operating officer; Charles E. Smith, vice president of sales and marketing; and Daniel Dally, vice president of finance. This group represents 35 years of combined service in the cordage industry, and has been in position for three years.
The offshore energy business of Samson, located in Coatbridge, Scotland, was recently sold to Bridon Fibres PLC of England. The offshore operation designed and manufactured fiber rope mooring systems for the offshore loading of oil tankers.
According to president Swiackey, Samson will now concentrate its engineering, manufacturing and sales on expanding the high performance cordage and rope markets it has developed and served in the U.S. and Canada, including hardware, housewares, commercial fishing, pleasure boating, power transmission and distribution, commercial marine and Department of Defense requirements. This includes the use of recently developed higher tenacity fibers which can be made into ropes with up to 10 times the strength of steel, making it possible to expand applications of synthetic fiber strength members. Current projects include micro-braids for artificial ligaments, zero-stretch halyards for sailboats, higher strength mooring lines for ships and improved net and lead lines for commercial fishing.
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