Sanjeev Gupta’s Liberty Steel, part of the global GFG Alliance, further expanded its footprint in the U.S. steel downstream products market with the acquisition of Johnstown Wire Technologies (JWT) in Johnstown, Pennsylvania, the largest producer of carbon and alloy wire in North America.
The 638,000 sq.ft. Johnstown site has been a high profile steel manufacturing facility for over 100 years and is a top three U.S. producer of CHQ, electro-galvanized, aluminized and spring wire. JWT currently holds the number one market position in the electro-galvanized and aluminized sectors.
Liberty Steel intends to drive growth at JWT as the U.S. updates its infrastructure and electricity networks, increasing demand for products such as support cables and guard rails for bridges and for electrical power lines.
Published in the July 2019 Edition
