NEW YORK Insteel
Industries Inc. has purchased a production line from Tatano
Wire & Steel Inc. to make reinforcing concrete wire
products, chairman, president and chief executive officer H.O.
Woltz III told AMM.
The line makes concrete pipe and
box culvert reinforcement production equipment. The terms of
the deal, which closed April 25, were not disclosed.
Insteel, Mount Airy, N.C.,
doesnt plan to operate the line in the short term, Woltz
said, calling it "a consolidation step in the industry."
"Parts of that product line have
grown and parts of it havent. The box culvert part of the
product mix has grown reasonably rapidly," he said. "Business
for welded wire reinforcing (product) has not grown due to
competing (reinforcing) methods, and even competing methods to
The buy comes as Insteel plans
to expand several engineered structural mesh production lines
in 2013 (
amm.com, April 18).
Houston, Pa.-based Tatano
declined to comment.