KEYWORD: 50 years

Paramount Die Celebrates 50 Years of Innovation

Rich Sarver, president and CEO of Paramount Die, right, celebrating his company's 50th anniversary with Friedrich Kehrer, global portfolio director metals and flow technologies at Messe Düsseldorf GmbH, at wire 2018 earlier this year

In 1968, two brothers pulled together $750, bought a few manual die lapping machines and setup shop in a shed behind their parent’s house.

The company they founded, Paramount Die Company, is now the world’s largest supplier of finished carbide wire drawing dies. Establishing itself as the global market leader, Paramount has introduced several of the wire industries most groundbreaking innovations.

One of its biggest innovations, the wire drawing die insert, has become the global standard. Significantly reducing the shipping cost of dies and making the manufacturing of dies easier to automate, the wire drawing insert has led to transformational change in the Wire Industry. No longer constrained by internal die shops or the need for local supply, wire drawers can now procure highly advanced and optimized wire dies from global die experts.

In half a century, Paramount has evolved from a start-up operation to an industry leader and to this day still maintains the culture of innovation that inspired its original success.

In 1992, the current owner and President of Paramount Die Company, Rich Sarver, took the lead. Working within his company, Mr. Sarver has transformed Paramount from a regional die company, to the global and dynamic organization it is today.

In the early 1990’s Paramount developed one of the most recognizable technologies in wire drawing – the ParaLoc© pressure system. This innovation improved the wire drawing process by increasing lubrication and reducing drawing temperatures. ParaLoc© made higher line speeds and drawing higher tensile materials, possible.

Paramount is not stopping, moving into the future with even greater advancements in material science and metrology. With advanced coatings, grade developments and geometric optimization, Paramount is developing the technologies which will once again move the wire drawing die industry. Paramount is setting the stage to continue on as the wire industry’s die market leader for another 50 years and more.