M&A Deal Summary

Insteel Industries Acquires Ortiz Engineered Products

On November 6, 2017, Insteel Industries acquired engineering company Ortiz Engineered Products

Acquisition Highlights
  • This is Insteel Industries’ 1st transaction in the Engineering sector.
  • This is Insteel Industries’ 1st transaction in the United States.
  • This is Insteel Industries’ 1st transaction in Pennsylvania.

M&A Deal Summary
Date 2017-11-06
Target Ortiz Engineered Products
Sector Engineering
Buyer(s) Insteel Industries
Deal Type Add-on Acquisition

Target

Ortiz Engineered Products

Hazleton, Pennsylvania, United States
Ortiz Engineered Products, Inc. is a provider of value-engineered reinforcing solutions for the concrete construction industry, converting projects that are designed with conventional rebar to welded wire reinforcement.

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Buyer(S) 1

Buyer

Insteel Industries

Mount Airy, North Carolina, United States
Category Company
Founded 1953
Sector Metals/Mining
Employees884
Revenue 649M USD (2023)
DESCRIPTION

Insteel Industries is a manufacturer of steel wire reinforcing products for concrete construction applications. Insteel manufactures and markets PC strand and welded wire reinforcement, including engineered structural mesh, concrete pipe reinforcement and standard welded wire reinforcement. Insteel Industries was founded in 1953 and is based in Mount Airy, North Carolina.

DEAL STATS #
Overall 1 of 3
Sector (Engineering) 1 of 1
Type (Add-on Acquisition) 1 of 3
State (Pennsylvania) 1 of 1
Country (United States) 1 of 3
Year (2017) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-03-17 Strand-Tech Manufacturing

Summerville, South Carolina, United States

Strand-Tech Manufacturing, Inc. is a manufacturer of a prestressed concrete strand ("PC strand") for concrete construction applications. Strand-Tech Manufacturing was founded in 1998 and is based in Summerville, South Carolina.

Buy $23M
Mergr

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