Insteel industries acquires assets of engineered wire products

Mount airy, n.c.--(business wire)--insteel industries inc. (nyse: iiin) today announced that its wholly-owned subsidiary, insteel wire products company (together referred to as “insteel” or the “company” in this press release), has acquired engineered wire products, inc. (“ewp”) for $70.0 million in an asset transaction, subject to certain adjustments. the transaction was funded from cash on hand. ewp is a leading manufacturer of welded wire reinforcement products for use in nonresidential and.
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