Strand-Tech asset deal builds Insteel footprint in prestressed

Source: Insteel Industries Inc., Mount Airy, N.C.

Insteel Wire Products Co. has acquired the assets of Strand-Tech Manufacturing Inc. Management plans to close the company’s Summerville, S.C., operation by the end of third quarter, then shift its prestressed concrete strand production equipment to existing Insteel fabrication shops in Florida, Tennessee and Texas. 

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