Minnesota Wire & Cable Co. (MWCC), a manufacturer of custom-made wire and cable assemblies for the medical industry, today maintains the same commitment to community and customer service that its founder and CEO, Fred Wagner, held when he launched the company four decades ago. That commitment, now instilled in the next generation, led by Fred's son, Paul Wagner, MWCC president, and daughter, Joan Thompson, executive vice president/CFO has ensured the continued growth and success of the family-owned and operated firm.
As a vertically integrated manufacturer, MWCC can take a customer's idea from concept to project completion in record time.
Extensive in-house capabilities make MWCC a one-stop shop. The company's St. Paul corporate headquarters includes a complete manufactuing facility with a tool and design shop; full engineering capabilities; an inside sales force; and extrusion, molding, cut/strip, and assembly capabilities. The company's second manufacturing facility, located in Eau Claire, Wisconsin, offers coiling, molding, and assembly.
In 1995 MWCC created a wholly owned subsidiary, MINNESOTA MED-EQUIP (MME), to handle international sales for pulse-oximeter sensors, patient cables, and lead wires. MME currently exports its products to more than 40 countries, and continues to expand into new geographic markets.
In 1999 MWCC acquired Minnesota Bramstedt Surgical, Inc., a company that is dedicated to the repair and manufacture of surgical instruments. This addition both strengthened and broadened MWCC's reach into the medical custom-manufacturing market.
Over the years the Wagner family and MWCC have never strayed far from their commitment to community and core values. With revenues more than tripling in the 1990's and approaching $12 million in 2000, that commitment clearly has paid off.
Economic globalization presents some serious challenges to the manufacturing industry, but it offers opportunities as well. In this new, highly competitive business climate, to avoid being swallowed up by larger competitors small manufacturers need to distinguish themselves in terms of speed and flexibility--and quality, of course, is a given. Although international competition often produces severe price pressures, free trade also opens up new markets for our products and new opportunities for qualified outsourcing abroad. With cost-sensitive customers squeezing out the middleman, manufacturing firms have to recommit themselves to providing a variety of superior customer services. When they do, they will be successful players in the world economy. – less–ZoomInfo