Steel Products
Insteel acquires Liberty’s EWP assets for $70M
Written by David Schollaert
October 22, 2024
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
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