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Following acquisition of EWP assets, Insteel will close 1 plant, transfer its work

Insteel Industries, which recently acquired the assets of Engineered Wire Products (EWP), has closed the EWP plant in Warren, Ohio, and will move production there to other Insteel plants.

A press release said that the Warren plant was part of the company’s recent $70 million asset transaction with EWC through its subsidiary, Insteel Wire Products Co. EWC operates wire drawing, welding and mesh fabrication facilities in upper Sandusky and Warren, Ohio.

The plan is to close the Warren facility, where work has ceased and some 35 positions were eliminated. Production there will be shifted to other Insteel plants. “Given the low capacity utilization levels at our Warren facility and the dim prospects for improvement, we believe this action is essential to reducing our operating costs and strengthening our competitive position” said Insteel CEO President and CEO H. Woltz III. Insteel is the nation’s largest manufacturer of steel wire reinforcing products for concrete construction applications. See p. 47 for more details about the company.

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