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Slide #19. Insteel Industries, Inc. — Assets From Tatano Wire And Steel
Insteel Industries, Inc. (NYSE:IIIN)
Assets From Tatano Wire And Steel
Insteel Industries, Inc. (NasdaqGS: IIIN) today announced that its wholly-owned subsidiary, Insteel Wire Products Company (together referred to as "Insteel" in this press release) had purchased all of the concrete pipe and box culvert reinforcement production equipment and certain related assets of Tatano Wire and Steel, Inc. ("Tatano").
Insteel Industries is a holding company. Through its subsidiaries, Co. is a manufacturer of steel wire reinforcing products for concrete construction applications. Co. manufactures and markets prestressed concrete strand and welded wire reinforcement, including engineered structural mesh, concrete pipe reinforcement and standard welded wire reinforcement. Co.'s products are sold mainly to manufacturers of concrete products that are used in nonresidential construction. Co.'s operations are focused on the manufacture and marketing of steel wire reinforcing products for concrete construction applications.
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Hold (2.00 out of 4)