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.