Founded in 1968 by two brothers, Douglas and Gil Sarver, Paramount Die Company is now one of the largest wire die companies in the world and is the leading wire die company servicing the ferrous wire industry. Long known as an industry innovator, Paramount Die has introduced several products which have become the wire industry standard. Paramount Die's ParaLoc™ pressure system has contributed greatly to increasing drawing speeds and improving productivity in the wire industry and is the most widely utilized pressure die system in the world. Paramount Die's exchangeable carbide drawing inserts have made mass production of wire dies possible and have led to both increasing wire die consistency and decreasing overall die cost. Today more than 70% of ferrous wire companies either utilize drawing inserts exclusively or utilize them in part of their production. Paramount Die Company continues to reinvent its wire die manufacturing processes and has introduced automation and "lights out" capability to nearly every production process.