Omaha, Nebraska-based Valmont Industries, Inc. announced Monday that it has acquired manufacturing assets of Katana Summit, LLC. The 300,000 sq ft facility resides on 75 acres of land in Columbus, Nebraska, and Valmont intends to repurpose the facility for manufacture of steel transmission structures for the utility industry. The specific terms of the acquisition were not disclosed.
"The addition of the Columbus, Nebraska facility will immediately provide needed incremental manufacturing capacity to serve our utility customers. I expect when modifications are complete in 2014, the plant will have approximately $100 million in additional annual capacity," said Earl Foust, group president of Valmont's Utility Support Structures division.
Valmont is a global leader in designing and manufacturing poles, towers and structures for lighting and traffic, wireless communication and utility markets, industrial access systems, highway safety barriers and a provider of protective coating services.