Exciting Developments in the Concrete Industry: Afinitas and Insteel Industries Expand Their Footprints
St. Louis has become the center of exciting news in the concrete and manufacturing industries as Afinitas, a well-established name in the concrete pipe and precast equipment sector, has made a significant leap forward. They have recently acquired the concrete division assets and intellectual property of Elk River Machine Co. based in Minnesota. This move is set to broaden their already impressive suite of equipment and machinery, enabling them to serve their customers better.
A Strategic Acquisition
So, what does this really mean for Afinitas? Well, the acquisition has brought a whole new lineup of products into their portfolio. This includes innovative tools like the wire mesh bender and roller, cage expander, and various forms for both wet and dry casting. Also on the list is retaining wall formwork, which will be a fabulous addition to their offerings. Brands like HawkeyePedershaab, New Hampton Metal Fab, and Spillman Co. are leading the charge for Afinitas, ensuring that clients get quality products for their construction projects.
Jason Duncan, the CEO of Afinitas, expressed his excitement about the acquisition. He noted, “The acquisition of ERMC’s technology, combined with our extensive offering, enables us to serve customers with an even more comprehensive selection.” This just goes to show how committed they are to meeting their clients’ needs.
Integrating New Talent
As part of this acquisition, Paul Gill, a Senior Designer from ERMC, is joining the Afinitas team. He will work alongside Dave Stoller, who is the Global Vice President of Engineering, as they integrate the new assets into Afinitas’ operations. It’s always great to see companies bringing in experienced talent to ensure a smooth transition and continuity of service!
Insteel Industries Makes Waves in the Midwest
Meanwhile, across the country in North Carolina, Insteel Industries is not sitting still either! Their subsidiary Insteel Wire Products Co. has made a strategic acquisition of Engineered Wire Products based in Upper Sandusky, Ohio, for a whopping $70 million.
Expanding Capabilities
This addition is significant as Engineered Wire Products has facilities dedicated to wire drawing, welding, and mesh fabrication located in both Warren, Ohio, and Las Cruces, New Mexico. They specialize in supplying vital reinforcement products for various concrete applications, catering to both residential and nonresidential construction. In the last year alone, they reported an eye-catching $93.3 million in sales!
H.O. Woltz III, the CEO of Insteel Industries, expressed confidence in this new chapter, stating, “This move will expand our geographic footprint and bolster our competitive position in the Midwest market.” He highlighted that the acquisition will not only improve their customer service capabilities but also drive down costs through operational synergies.
A Bright Future Ahead
With these two notable transactions in the concrete and wire industries, it’s clear that companies are gearing up to enhance their service offerings and operational prowess. The combination of innovative technologies, talented personnel, and broader geographical reach means exciting times lie ahead for customers and businesses alike.
So, whether you are in St. Louis keeping an eye on Afinitas or in North Carolina watching Insteel Industries, there’s no denying the momentum building in the concrete sector. These growth initiatives promise to make a positive impact on construction projects and client satisfaction across the nation!
