Insteel Industries Announces Closure of Upper Sandusky, Ohio Facility
Insteel Industries Inc. (NYSE: IIIN) (“Insteel” or the “Company”) announced today that it will close its facility in Upper Sandusky, Ohio, and move manufacturing requirements to the Company’s remaining welded wire reinforcement production facilities, which have ample open capacity to accommodate additional volumes.
The consolidation of the Company’s welded wire manufacturing operations is expected to result in the elimination of up to 65 positions at the Upper Sandusky facility. It is anticipated that operations at the Upper Sandusky facility will cease by the end of October 2026. Insteel expects to incur restructuring charges of approximately $4.6 million related to the closure.
“The consolidation of our welded wire facilities is an important step in positioning Insteel for long-term success by aligning our manufacturing footprint to customer demand, improving operational efficiency, and strengthening our cost competitiveness. We do not expect this action to affect the Company’s revenue,” said H.O. Woltz III, Insteel’s President and CEO. “We understand the impact this decision has on our employees, and we are committed to providing support and assistance throughout the transition.”
