Tri Star acquired by German company

CAROL STREAM - Tri Star Metals LLC Tuesday said it agreed to be acquired by German-based high-performance stainless wire manufacturer Hagener-Feinstahl.

Tri Star will continue to operate independently as a stand-alone business managed by current shareholder Jay Mandel, who has been promoted to president from products manager; shareholder Dan Buba, who has been promoted to chief executive officer from sales & operations manager, and Jim Roach, who has been promoted to vice president from stainless product and marketing manager.