17
Mar
20:31
Insteel acquires Strand-Tech Manufacturing, close mill
Insteel Wire Products, a subsidiary of Insteel Industries, has acquired nearly all the assets of Strand-Tech Manufacturing for $22.5 million in cash, Kallanish learns from a company release.
Following the acquisition, Insteel plans to close and sell Strand-Tech's flagship Summerville, South Carolina, pre-stressed (PC) concrete strand facility for roughly $8m. The equipment in the 50,000 short ton/year facility will be distributed between Instee…
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Very good overview of the weekly steel market.
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