Valmont acquires Columbus plant - Omaha.com
Published Tuesday, November 20, 2012 at 1:00 am / Updated at 12:44 am
Valmont acquires Columbus plant

Valmont Industries Inc. of Omaha said Monday it has acquired the Columbus, Neb., manufacturing plant of Katana Summit LLC and will convert the facility to manufacture steel utility structures.

Earl Foust, president of Valmont's utility structures division, said the 300,000-square-foot facility, on 75 acres of land, would add $100 million in annual production capacity when modifications are complete in 2014. Terms of the sale were not disclosed.

Katana announced in September it would sell the 214-employee plant, which has produced structures for wind energy towers. Valmont spokesman Jeff Laudin said it hasn't been determined how many people would work at the plant once it's in full production for Valmont. Work there may ramp up in 2013 as the modifications are completed, he said.

The possible expiration of federal tax credits for producing wind turbines has cut demand for the support structures that the plant produced. Job cuts were to begin at the plant Nov. 1.

—Steve Jordon

Read more related stories
Vets can compete for start-up cash
Cab ride to airport (or anywhere in Omaha) could soon cost more
Coming to Omaha: fun-focused sports league where every kids gets a trophy, parents promise to keep cool
Beals: Boy offers lessons of service, simplicity
Recalled frozen pasta product has tie to Omaha
Business digest: Lululemon shareholder suit dismissed
Suit challenges a Hollywood pillar: unpaid internships
Nonparents’ resentment grows over impact of companies’ family-friendly focus
Jeff Raikes’ next goal: making philanthropy effective
Restaurants invite customers to dine with their dogs
March unemployment rates up slightly in Nebraska, Iowa
Iowa officials announce plan for Microsoft data center
Lincoln pharmaceutical company wins funding, grant
Fortress Wealth joins Securities America network
USDA orders farms to report pig virus infections
Airbnb event seeks Omaha-area hosts for Berkshire weekend, CWS
Developer wants to transform old Millard Lumber site with housing, commercial buildings
Dip in Nebraska economic index doesn’t reflect outlook
Post Holdings buys Michael Foods
Business digest: Target expands subscription service, adds discount
Rural Mainstreet Index finds slow growth
Earnings roundup: Chipotle says it won’t scare off customers with higher prices
BNSF to add trains to handle fertilizer
Walmart touts lower money transfer fees
In brief: Judge doesn’t make GM take cars off road
Deadline Deal thumbnail
The Jaipur in Rockbrook Village
Half Off Fine Indian Cuisine & Drinks! $15 for Dinner, or $7 for Lunch
Buy Now
< >
SPOTLIGHT »
Inside Business
To submit an announcement for "Inside Business", click here. For questions call (402) 444-1371 or e-mail announcements@owh.com.
WORLD-HERALD ALERTS »
Want to get World-Herald stories sent directly to your home or work computer? Sign up for Omaha.com's News Alerts and you will receive e-mails with the day's top stories.
Can't find what you need? Click here for site map »