ScrapSource to provide scrap management services to Insteel Wire Products Co.

Dallas-based ScrapSource, which describes itself as a boutique scrap management firm, has entered into a multiyear agreement with Insteel Wire Products Co., based in Mt. Airy, North Carolina, to provide scrap management services at Insteel's 10 manufacturing plants throughout the United States.

Insteel’s manufacturing plants are in Dayton, Texas; Gallatin, Tennessee; Hazleton, Pennsylvania; Hickman, Kentucky; Houston; Jacksonville, Florida; Kingman, Arizona; Mount Airy, North Carolina; Sanderson, Florida; and St. Joseph, Missouri.

“We are pleased to be awarded this contract,” says Larry Olschwanger, president of ScrapSource. “We have known the Insteel organization for many years, and they recognized the value to consolidate all of their scrap under the ScrapSource umbrella. Insteel is a world-class organization and leader in their industry, and we are thrilled to now call them a client.”

Robert Welch, director of materials at Insteel, says, “The Insteel/ScrapSource program creates significant value for the company, while at the same time implementing industry best practices.”

Insteel Wire Products is a wholly owned subsidiary of Insteel Industries Inc. and is the nation's largest manufacturer of steel wire reinforcing products for concrete construction applications. Insteel manufactures and markets prestressed concrete strand and welded wire reinforcement, including engineered structural mesh, concrete pipe reinforcement and standard welded wire reinforcement. Insteel products are sold to manufacturers of concrete products that are used in residential and nonresidential construction.

Founded in 2010, ScrapSource provides solutions for companies generating scrap from manufacturing processes.