CHICAGO A Nebraska coil coater, tubing producer and
manufacturer of metal-intensive utility structures and
irrigation equipment Valmont Industries Inc. has acquired the
manufacturing assets of Katana Summit LLC.
Omaha-based Valmont said the purchase includes a
300,000-square-foot plant in Columbus, Neb., which the company
will reconfigure from producing wind towers to producing steel
transmission structures for the utility industry, Valmont said
in a statement Monday.
Terms of the acquisition were not disclosed.
The addition of the Nebraska facility will immediately
provide needed incremental manufacturing capacity to serve our
utility customers, Earl Foust, group president of
Valmonts utility support structures division, said in the
statement. I expect when modifications are complete in
2014, the plant will have approximately $100 million in
additional annual capacity.
Katana Summit said in September that it was seeking a buyer for
its operations, and said that if none was found, its plants in
Nebraska and Ephrata, Wash., would likely close.
Although Katana had strong output this year due to increased
demand for wind turbines spurred by the pending expiration of
the production tax credit, the expiration subsequently
caused the wind industry to halt the majority of
development for 2013 until government policy is more
certain, president and chief executive officer Kevin
Strudthoff said in September.
Valmont produces tubing for commercial and industrial
applications; manufactures poles, towers and structures for
lighting and traffic, wireless communication and utility
markets, industrial access systems, highway safety barriers and
agricultural irrigation systems; and runs steel coil coating
The company experienced a 34.6-percent year-on-year increase in
third-quarter net income on sales that rose 8.6 percent from
the same period last year, it said last month (
amm.com, Oct. 19