Insteel to buy ASW’s PC strand assets for $36M

Aug 11, 2014 | 01:09 PM | Nat Rudarakanchana

Tags  Insteel Industries, American Spring Wire, ASW, prestressed concrete strand, PC strand, construction, acquisition, M&A RettCo Steel

NEW YORK — Insteel Industries Inc. has reached a deal to purchase the assets of American Spring Wire Corp.’s (ASW’s) prestressed concrete (PC) strand business for $36 million.

The Mount Airy, N.C.-based wire maker will obtain ASW’s production equipment and facilities in Newnan, Ga., and Houston, although Insteel said it will lease ASW’s Houston facility rather than buying it outright. ....

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