St. Louis-based Afinitas has deepened its expansive concrete pipe and precast equipment, machinery and accessory suite, acquiring the concrete division assets and intellectual property of Elk River Machine Co. in Minnesota. Private equity-backed Hutchinson Manufacturing LLC divested the division to focus on other areas of custom metal fabrication and related contract work. The transaction brings wire mesh bender and roller, cage expander, wet and dry cast form, plus retaining wall formwork offerings into an Afinitas portfolio led by the HawkeyePedershaab, New Hampton Metal Fab and Spillman Co. brands.
“The acquisition of ERMC’s technology, combined with our extensive offering, enables us to serve customers with an even more comprehensive selection,” says Afinitas CEO Jason Duncan. “Equally important, we look forward to servicing and being a trusted resource to the current ERMC customer base.”
ERMC Senior Designer Paul Gill is joining the Afinitas team to assist Global Vice President of Engineering Dave Stoller, 319/394-2218 or [email protected], who is overseeing the ERMC asset integration.
INSTEEL INDUSTRIES ADDS ENGINEERED WIRE PRODUCTS
Insteel Industries subsidiary Insteel Wire Products Co. of Mt. Airy, N.C. has acquired Upper Sandusky, Ohio-based Engineered Wire Products in a $70 million asset transaction. EWP operates wire drawing, welding and mesh fabrication facilities in Warren, Ohio and Las Cruces, N.M., supplying reinforcement products for cast-in-place or precast concrete used in residential and nonresidential construction. The company reported $93.3 million in sales for the 12-month period ending September 30.
“This move will expand our geographic footprint and bolster our competitive position in the Midwest market,” says Insteel Industries CEO H.O. Woltz III. “The acquisition of EWP will enhance our customer service capabilities and drive down costs through operational synergies.”
