Strand-Tech Martin, Inc. Joins the Keystone Consolidated Family
Keystone Consolidated Industries, Inc. (KCI), today announced it has acquired all of the outstanding capital stock of Strand-Tech Martin, Inc. (STM), located in Summerville, South Carolina. STM is a producer of PC strand and industrial wire for pre-stressed concrete and post-tension markets and manufactures a full line of PC strand and high carbon wire products for the construction industry.
Roberto de Miranda on behalf of the Seller, stated “I am confident the capabilities and experience of KCI will ensure STM continues to successfully grow and supply customers with the highest quality products”.
A significant amount of the high carbon steel rod feedstock for STM will be provided from KCI’s Keystone Steel & Wire (KSW) mill in Peoria, Illinois, with the flexibility to utilize third party sources of steel rod as necessary. KSW’s steel mill will provide STM an assured supply of steel rod that meets the requirements for customer’s projects requiring “made in the USA” materials, while shifting and increasing KSW’s productive rod capacity to products utilized in concrete reinforcement and similar value added markets.
Chris Armstrong, KCI’s Chief Executive Officer, commented; “We are excited to bring STM into the Keystone group and add PC strand to our product offerings. PC strand is complementary to the welded wire reinforcement currently manufactured by our Engineered Wire Products business and also exploits KSW’s recently completed significant upgrades to its arc shop and rod mill to produce high carbon and cold headed quality billet and rod.”
Keystone Consolidated Industries, Inc. is headquartered in Dallas, Texas. The Company is a leading domestic producer of steel fabricated wire products, industrial wire and wire rod. The Company also manufactures welded wire mesh, coiled rebar, PC strand and steel bar and other products for the agricultural, industrial, construction, original equipment manufacturer and retail consumer markets.
Learn more about Strand-Tech Martin Inc.