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Insteel Industries Plans Closing Its Facility In Warren, Ohio; Resulting In Elimination Of Up To 35 Positions; Expects To Incur Restructuring Charge Of $1.9M

Author: Benzinga Newsdesk | November 18, 2024 05:11pm

The consolidation of the Company's welded wire manufacturing operations is expected to result in the elimination of up to 35 positions at the Warren facility. It is anticipated that operations at the Warren facility will cease by the end of November 2024. Insteel expects to incur a restructuring charge of approximately $1.9 million related to the facility's closure.

Posted In: IIIN


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