M&A Deal Summary

Insteel Industries Acquires Strand-Tech Manufacturing

On March 17, 2020, Insteel Industries acquired manufacturer Strand-Tech Manufacturing for 23M USD

Acquisition Highlights
  • This is Insteel Industries’ 1st transaction in the Manufacturing sector.
  • This is Insteel Industries’ 2nd largest (disclosed) transaction.
  • This is Insteel Industries’ 2nd transaction in the United States.
  • This is Insteel Industries’ 1st transaction in South Carolina.

M&A Deal Summary
Date 2020-03-17
Target Strand-Tech Manufacturing
Sector Manufacturing
Buyer(s) Insteel Industries
Deal Type Add-on Acquisition
Deal Value 23M USD

Target

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.

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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 2 of 3
Sector (Manufacturing) 1 of 2
Type (Add-on Acquisition) 2 of 3
State (South Carolina) 1 of 1
Country (United States) 2 of 3
Year (2020) 1 of 1
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-11-06 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.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-10-21 EWP

United States

EWP is a manufacturer of welded wire reinforcement products for use in nonresidential and residential construction.

Buy $70M
Mergr

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