FORTA, LLC Acquires Helix Steel, LLC

    GROVE CITY, PA, January 12, 2024 /24-7PressRelease/ -- FORTA, LLC, the leader in synthetic fibers that specializes in reinforcing concrete and asphalt, is pleased to announce it has completed the acquisition of Helix Steel, LLC a leading, innovative manufacture of twisted steel micro reinforcement products used in a variety of concrete applications. Helix® Micro Rebar® will expand on FORTA's commitment to offering customers a wide range of products to address specific project needs.

Peter Ferris, FORTA's CEO said, "The acquisition of Helix Steel is highly strategic to FORTA, accelerating our global growth and leadership position in the concrete reinforcement market." Lauren Camp, FORTA's President added, "Helix has an incredible portfolio of intellectual property, including several patents and a robust new product development pipeline. The combination of FORTA synthetic fiber products and Helix twisted steel Micro Rebar products will provide customers a comprehensive solution for a broad range of concrete reinforcement needs."

Luke Pinkerton, Helix Steel's CEO and founder said "We are pleased to announce the transaction with FORTA. This will be a tremendous benefit for our customers and our employees. The combined design and field support organizations will be better positioned to provide innovative solutions for a diverse range of concrete applications." Pinkerton continued "FORTA's existing global footprint provides access for our existing 5-25 and 8-52 twisted steel Micro Rebar products into new international and domestic markets that would have otherwise taken us years to develop organically."

Founded in 2003, based in Ann Arbor, MI, with production facilities in Grand Rapids, MI, Helix Steel is an ISO 9001-2015 certified manufacturer of micro reinforcement, including Helix 5-25 and 8-52 Micro Rebar. Helix has an extensive forward-looking IP portfolio, with over 12 existing patents and numerous provisional and pending patents. www.helixsteel.com.

FORTA is a leading global supplier of innovative synthetic fibers for the reinforcement of concrete and asphalt products. Since its founding in 1978, FORTA has consulted and provided products to construction projects in all 50 states, as well as in more than 30 countries, responsible for over two billion sq. ft. of reinforced concrete worldwide. www.fortacorp.com

# # #