Insteel Industries Acquires Assets of Engineered Wire Products
Insteel Industries, Inc. (IIIN)
US:NASDAQ Investor Relations:
investor.insteel.com
Company Research
Source: Business Wire
MOUNT AIRY, N.C.--(BUSINESS WIRE)--Insteel Industries Inc. (NYSE: IIIN) today announced that its wholly-owned subsidiary, Insteel Wire Products Company (together referred to as “Insteel” or the “Company” in this press release), has acquired Engineered Wire Products, Inc. (“EWP”) for $70.0 million in an asset transaction, subject to certain adjustments. The transaction was funded from cash on hand.EWP is a leading manufacturer of welded wire reinforcement products for use in nonresidential and residential construction. For the twelve months ended September 30, 2024, EWP’s sales were $93.3 million.“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," stated 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.”About InsteelInsteel is the nation’s largest m
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News
- Insteel Industries Announces Closure of Warren, Ohio Facility [Yahoo! Finance]Yahoo! Finance
- Insteel Industries Announces Closure of Warren, Ohio FacilityBusiness Wire
- Insteel Industries Declares Regular Quarterly and Special Cash DividendsBusiness Wire
- Insteel Industries, Inc. (NASDAQ: IIIN) was downgraded by analysts at StockNews.com from a "buy" rating to a "hold" rating.MarketBeat
- Insteel Industries acquires assets of Engineered Wire Products [Seeking Alpha]Seeking Alpha
IIIN
Earnings
- 10/17/24 - In-Line
IIIN
Sec Filings
- 11/18/24 - Form 8-K
- 11/12/24 - Form 8-K
- 10/24/24 - Form 10-K
- IIIN's page on the SEC website