JOHNSTOWN, Pa. (WJAC) — Johnstown Wire Technologies, the largest producer of value-added carbon and alloy wire in North America, has a new owner, according to an announcement made Monday.
The Johnstown company, which is in the city’s West End, has been acquired by Sanjeev Gupta’s Liberty Steel, part of the global GFG Alliance, the release said.
“The 250-worker advanced manufacturing facility at Johnstown will complement Liberty's melting and rolling operations at Georgetown, South Carolina and Peoria, Illinois and, combined with its scrap processing plant in Tampa, Florida, will firmly embed the business along the full value chain in the U.S. steel market,” Liberty officials wrote in the release.
Liberty says JWT’s 638,000 square foot site is a top-3 United States producer of the types of steel that will be needed to modernize America’s ageing infrastructure.
JWT has been a high-profile manufacturing facility for more than 100 years, officials say.
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