Insteel Acquires Liberty Engineered Wire Products
By
Metal Center News Staff on
Oct 23, 2024
Insteel Wire Products Company has acquired Liberty Engineered Wire Products Inc. for $70 million in an asset transaction. IWPC is a wholly owned subsidiary of Insteel Industries, Mount Airy, N.C.
Liberty EWP, Sandusky, Ohio, is a leading manufacturer of welded wire reinforcement products for use in nonresidential and residential construction. For the 12 months ended Sept. 30, EWP’s sales were $93.3 million.
It maintains production facilities in Warren, Ohio, and Las Cruces, N.M.
“We are pleased to complete the acquisition of EWP. This move will expand our geographic footprint and bolster our competitive position in the Midwest market," said H.O. Woltz III, president and CEO of Insteel. “The acquisition of EWP will enhance our customer service capabilities and drive down operating costs through operational synergies.”
Insteel is the nation’s largest manufacturer of steel wire reinforcing products for concrete construction applications. Insteel manufactures and markets PC strand and welded wire reinforcement, including engineered structural mesh, concrete pipe reinforcement and standard welded wire reinforcement.
Insteel has 12 manufacturing facilities across the United States.