From the Hazleton Standard-Speaker
A local plant that manufactures steel reinforcement systems for concrete construction has been sold, and its new owners plan to expand production at the location.
By JIM DINO (Staff Writer)
Published: January 30, 2011
On Nov. 19, Insteel Industries Inc., which is headquartered in Mount Airy, N.C., bought Ivy Steel and Wire Inc., including its plant in the Humboldt Industrial Park, for $51.1 million.
H.O. Woltz III, president and CEO of Insteel, said the firm plans to close a plant in Wilmington, Del., at the end of March and move the manufacturing to Humboldt. Closing the plant will eliminate 49 jobs, he said, while the new work in Humboldt will create 12 to 15 new jobs over the next few months.
Read more: Humboldt steel plant has new owner