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Encore's revenues topped the $250 million mark in 1997, but the company's steady growth rate was interrupted for the next five years due to a dip in copper prices that resulted in an industry-wide loss of pricing discipline that adversely impacted revenues and earnings.
Brumley and his son, who served as the company's manager of commodity risk and corporation development, left Pioneer in 1998, one year after the merger.
1998: Encore is formed.
Also in 1998 Encore constructed a 5,000-foot railroad spur expansion and a 1,000-foot conveyor expansion.
The First Big Acquisition in 1999
1999 Color-coded wire is first sold.
In 2001 it completed a 192,000-square-foot plant expansion.
In 2002, COMPRO purchased Encore Real Time Computing, including its accompanying legacy SEL/Gould resources, technology and expertise.
The trend continued in 2005 when Encore posted revenues of $758 million and net income of more than $50 million.
With an apparent opening in the market--and a demand for all of its products needed in the multiyear rebuilding of the Gulf Coast following the 2005 devastation of the Gulf Coast area--Encore was well positioned to enjoy strong success for an extended period of time.
In May 2006 Rego suffered from a stroke and was named chairman emeritus as he recovered.
While Encore was not about to stray too far from its area of expertise, in 2006 it added 150,000 square feet of manufacturing space to accommodate the production of armored cable, industrial wiring using an aluminum jacket, which would also be made available in different colors.
© Encore Real Time Computing 2018
© 2022 Encore Wire Corporation All Rights Reserved.
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|---|---|---|---|---|
| Husqvarna | 2005 | $3.8B | 13,252 | 5 |
| Magna Mirrors of America, Inc. | 1905 | $2.0M | 9 | - |
| Neaton Rome, Inc. | 2000 | $56.6M | 48 | 3 |
| US Button | 1990 | $2.9M | 100 | - |
| kellybox | 1955 | $21.6M | 50 | - |
| Package Right | 2015 | $21.3M | 39 | - |
| Magpul Industries | 1999 | $23.0M | 170 | - |
| QUALITY ONE WOODWORK | 1997 | $17.4M | 100 | - |
| Applied Plastics | 1955 | $12.9M | 50 | - |
| FRAM | 1932 | $440.0M | 2,400 | - |
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Encore Plastics may also be known as or be related to ENCORE IND, ENCORE INDUSTRIES INC, Encore Industries, Encore Plastics and Encore Plastics Corporation.