Niles company buys Okla. plant
NILES – A local metal-making company is expanding its business with the purchase of an Oklahoma facility.
Niles Expanded Metals and Plastics, based in Niles, announced it has purchased MetalSpand Inc. in Waurika, Okla. The new site will operate as MetalSpand by Niles, according to a new release from the company.
Bill Phillips Jr., company president, explained the move will allow the company to grow into the central portion of the United States and the Gulf Coast region.
“This is a great fit for Niles, as we have always considered an expansion into these territories that are key to the expanded metal market positioning and distribution,” Phillips said.
The company has not disclosed terms of the transaction.
The new plant is being retooled to increase the efficiency and product output of carbon steel expanded metals and gratings. Aluminum and stainless steel expanded metals are available for immediate shipment.
The company reported that the basic production upgrades will allow Niles to better serve customers while offering them a wider range of products.
“MetalSpand has a solid customer base and we appreciate their loyalty,” Phillips said. “We will work relentlessly to ensure the success of our newly acquired expanded metal manufacturing company.”
Niles Fence & Security Products, a division of the company that manufactures and distributes expanded metal fence systems, security cages, security mesh and accessories, will go to the Waurika location.
Niles Expanded Metals & Plastics is a division of Niles International.