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.（紐交所：IIIN）今天宣佈，其全資子公司Insteel Wire Products Company（以下統稱爲「Insteel」或「本公司」）已以7000萬美元的資產交易收購了Engineered Wire Products, Inc.（「EWP」），該交易受到一些調整的限制。該交易資金來源於現金。
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是一家領先的焊接鋼絲增強產品製造商，用於非住宅和住宅施工。截至2024年9月30日的十二個月，EWP的銷售額爲9330萬美元。
