Insteel Industries Acquires Assets Of Engineered Wire Products For $70M In An Asset Transaction; The Transaction Was Funded From Cash On Hand.
Insteel Industries Acquires Assets Of Engineered Wire Products For $70M In An Asset Transaction; The Transaction Was Funded From Cash On Hand.
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.
Insteel Industries Inc.（纽交所：IIIN）今天宣布，其全资子公司Insteel Wire Products Company（以下统称为“Insteel”或“本公司”）已以7000万美元的资产交易收购了Engineered Wire Products, Inc.（“EWP”），该交易受到一些调整的限制。该交易资金来源于现金。
EWP is a leading manufacturer of welded wire reinforcement products for use in nonresidential and residential construction. For the twelve months ended September 30, 2024, EWP's sales were $93.3 million.
EWP是一家领先的焊接钢丝增强产品制造商，用于非住宅和住宅施工。截至2024年9月30日的十二个月，EWP的销售额为9330万美元。
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