Tata Steel Capital-backed Siam Industrial Wire completed the acquisition remaining 40% stake in TSN Wires Company from Nichia Steel Works.

Tata Steel Capital-backed Siam Industrial Wire, a manufacturer engaged in producing and supplying steel wire rods, wire products, and related materials for construction and industrial applications, completed the acquisition of remaining 40% stake in TSN Wires Company, a steel manufacturing company engaged in producing and supplying steel wire products for construction and industrial applications, from Nichia Steel Works, a Japanese steel manufacturing company engaged in producing and processing specialty steel wires, bars, and related metal products. Financial terms were not disclosed. This acquisition will enhance synergies and improve efficiency in management of SIW and TSN Wires.