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    October 22, 2024

    Insteel acquires Liberty’s EWP assets for $70M

    Written by David Schollaert

    Insteel Wire Products Co., a subsidiary of Insteel Industries, has acquired Liberty Steel’s Engineered Wire Products (EWP) for $70 million with cash on hand.

    Sandusky, Ohio-based EWP manufactures welded wire reinforcement products and has production facilities in Warren, Ohio, and Las Cruces, N.M. Its sales totaled $93.3 million for the 12 months ended Sept. 30.

    “We are pleased to complete the acquisition of EWP,” said Insteel President and CEO H.O. Woltz III. “The acquisition of EWP will enhance our customer service capabilities and drive down operating costs through operational synergies.”

    The acquisition also expands Insteel’s geographic footprint, better positioning it to serve the Midwest market, added Woltz.

    Mount Airy, N.C.-based Insteel is an independently owned steel wire reinforcing product manufacturer serving the residential and non-residential construction sectors. It operates 12 manufacturing facilities across the US.

    David Schollaert

    David Schollaert is deputy editor-in-chief for Steel Market Update. David joined SMU after more than a decade in the metals and mining industry in a myriad of different roles. Much of his early experience and expertise were within the coverage and analysis of steel-making raw materials and served previously as senior editor of the CRU Prices Service. Most recently, however, before his return to market analysis, David held roles as a metals buyer and an operations manager for raw material suppliers. He can be contacted at david@steelmarketupdate.com or 724-720-1008.

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