Tree Island Steel, Ltd., is going to acquire substantially all of the assets of Irving Wire Products Corporation (IWPC) of Calgary, Alberta, for an undisclosed sum. A press release said that the agreement, reached via Tree Island’s subsidiary, includes the production equipment and inventories related to IWPC’s mesh business.
Tree Island will lease Irving’s existing facility in Calgary, where the company will continue to manufacture steel mesh products, it said, noting that Sandy Irving will retire as IWPC president but remain involved in an advisory capacity to Tree Island to ensure a successful and seamless transition.
“This acquisition … significantly expands the capacity of Tree Island’s mesh business and expands our geographic footprint,” said Tree Islands President and CEO Dale R. MacLean. “Together and over the course of the next few years, we will continue to evolve into a much stronger and more vibrant company,”
Irving Wire Products has been producing welded wire fabric since 1953 and continues to manufacture products in sheets and rolls. The company, which has five production lines, markets to western Canada and northwestern U.S.
Tree Island Steel, based in Richmond, British Columbia, has four operating facilities in Canada and the U.S. It produces wire products for a diverse range of industrial, residential construction, commercial construction, agricultural, and specialty applications. It also has a company in China that assists the international sourcing of products to Tree Island and its customers.
