An improved reinforcing element, and devices and methods for producing a wrapped assembly reinforcing element comprising at least one center core member formed from at least one center core strand, wherein the at least one center core member is wrapped with a reinforced thermoplastic resin comprising complete fiber strand dispersion and wet out without breaking fiber filaments after cutting the fiber to a designated length in the wrapping resin. The resulting wrapped assembly may be used in a variety of ways, including virtually any construction project requiring a lightweight reinforcing member with high tensile and compression strength.