Torpedo Specialty Wire Acquired by Summit

Oct 29, 2020 | Summit Update

Wire plating capabilities “music” to Summit’s ears.

The assets of Torpedo Specialty Wire, Inc.— a respected ISO 9001:2008 certified fabricator of high-performing specialty composite wire, Musical Instrument Wire, and conductors — were recently acquired by Summit Plating (Formerly Summit Corp. of America). A quick review of the product quality and service value that Torpedo was known for quickly reveals the motivation behind this purchase.

Combining proprietary plating processes to benefit clients.

As explained by Summit President Harry Scoble. “What first attracted us to Torpedo was the company’s long-standing commitment to be the very best at what they do. Like Summit, Torpedo Wire was founded on the principal of always striving to deliver beyond client expectations. And just like us, Torpedo has engineered and perfected some proprietary or difficult to replicate plating processes.”

Improved control of pre-press base materials.

Respected as one of the world’s foremost specialty composite wire electroplaters, Torpedo’s PA plant manufactured a wide range of Nickel and Tin plated products for a diverse range of industries. In addition to its plating know-how, of particular interest to Summit was the machinery, equipment, and processes for producing the base material used for its plating requirements.

Harry Scoble, Summit’s President, “We’ve eyed these capabilities for several years, and we feel strongly being able to produce the requirement from start to finish gives us access to growing new relationships and enhancing our value to existing ones.”

Strengthening our electroplating global-service footprint.

Torpedo’s competency in specialty wire production and electroplating produced an end product with performance advantages that became in-demanded by companies in the U.S., Africa, Asia, Australia, Latin America, the Caribbean, the Middle East, the Pacific Rim, and Europe. We recognized these plating performance skills as a perfect fit for maintaining and expanding our competitive edge in the plated wire marketplace. And so it wasn’t long before an arrangement to transfer the assets of the Pennsylvania operation to Summit Plating was finalized.

Torpedo Management collaboration ensured a smooth transition.

The acquisition launch and success was ensured in part by sssistance secured with Torpedo Wire’s top management. Bringing expertise to ensure a smooth setvice transition was Torpedo President and CEO, Loren Ota, V.P. Hal McConnell, and Pennsylvania Plant Manager, Andy Kleinert. The alliance bolstered current-customer confidence that  theprocesses and procedures Torpedo is noted for were all 100% replicated at our facility.

Expanded services – steadfast committment.

For Summit’s existing loyal customer base, and for Torpedo’s long standing customers, we believe this acquisition will translate into even greater service value. We remain committed to being a world-leading supplier of Wire Electroplating, Continuous form Plating, Loose Part Plating, and more.


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