Insteel agreement paves American Spring Wire exit from PC strand
- Published: Friday, 15 August 2014 10:38
- Written by Concrete News
Sources: Insteel Industries Inc., Mt. Airy, N.C.; CP staff
Insteel Industries anticipates a mid-August closing on a $36 million deal for the prestressed concrete strand business of Ohio-based American Spring Wire Corp. Subsidiary Insteel Wire Products Co. is acquiring ASW’s Newnan, Ga., production facility and equipment, plus equipment at a second PC strand plant in Houston. Insteel Wire will lease the latter facility.