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Insteel Industries

Summary
Insteel Industries, Inc., together with its subsidiaries, manufactures and markets steel wire reinforcing products for concrete construction applications. The company offers prestressed concrete strand (PC strand) and welded wire reinforcement (WWR) products. Its PC strand is a seven-wire strand that is used to impart compression forces into precast concrete elements and structures providing reinforcement for bridges, parking decks, buildings, and other concrete structures. The company's WWR engineered reinforcing product is used in nonresidential and residential construction. It produces a range of WWR products, such as engineered structural mesh, an engineered made-to-order product that is used as the primary reinforcement for concrete elements or structures serving as a reinforcing solution for hot-rolled rebar; concrete pipe reinforcement, an engineered made-to-order product, which is used as the primary reinforcement in concrete pipe, box culverts, and precast manholes for drainage and sewage systems, water treatment facilities, and other related applications; and standard welded wire reinforcement, a secondary reinforcing product for crack control applications in residential and light nonresidential construction, including driveways, sidewalks, and various slab-on-grade applications. The company sells its products through sales representatives to the manufacturers of concrete products, rebar fabricators, distributors, and contractors primarily in the United States, Canada, Mexico, and Central and South America. Insteel Industries, Inc. was founded in 1953 and is headquartered in Mount Airy, North Carolina.

History

Insteel Industries was founded in 1968 in Dallas, Texas and has been manufacturing steel wire reinforcing products for the past 50 years. Insteel was acquired by Ingevity Corporation in 2018 and is now headquartered in Charlotte, North Carolina.


Mission
Insteel strives to be the nation's supplier of choice for steel wire reinforcing products for concrete construction applications by delivering superior value to our customers. To achieve this objective, we are committed to providing the highest quality products, competitive prices, prompt and reliable delivery, and highly personalized service. We expect our rigorous pursuit of this objective will generate attractive long-term returns for our shareholders.

Vision
We strive to be a world-class manufacturer and the preferred supplier of wire reinforcing products for the concrete construction industry.

Key Team

Mr. James F. Petelle (VP of Admin., Sec. & Chief Legal Officer)

Mr. James R. York (Sr. VP of Sourcing & Logistics)

Mr. Scot R. Jafroodi (VP, Chief Accounting Officer & Corp. Controller)


Recognition and Awards
Insteel Industries has been recognized for the integrity of its operations and products, receiving numerous awards from its customers and suppliers as well as from industry organizations. In 2018, Insteel Industries was awarded the 'Platinum Supplier' award from the American Concrete Institute for its innovative products and service.

References
Insteel Industries
Leadership team

Mr. Howard Osler Woltz III (Pres, CEO & Chairman)

Mr. Mark A. Carano (Sr. VP, CFO & Treasurer)

Mr. Richard T. Wagner (Sr. VP & COO)

Products/ Services
Manufacturing
Headquarters
Mount Airy, North Carolina, United States
Established
1953
Company Registration
SEC CIK number: 0000764401
Net Income
100M - 500M
Revenue
500M - 1B
Traded as
IIIN
Social Media
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