04:53 PM EST, 11/18/2024 (MT Newswires) -- Insteel Industries ( IIIN ) said late Monday it will close its facility in Warren, Ohio, and move the manufacturing to its remaining welded wire reinforcement production facilities.

The company expects the move to lead to the elimination of up to 35 positions at the Warren facility.

Insteel expects to cease operations at the facility by the end of this month, with a roughly $1.9 million restructuring charge likely.