Expocrete Corporate Announcement
Expocrete Concrete Products is pleased to announce that Oldcastle, a wholly owned subsidiary of CRH, has acquired Expocrete Concrete Products Ltd
FOR IMMEDIATE RELEASE
March 18, 2013 – Effective today, we are pleased to announce that Oldcastle Building Products, a wholly owned subsidiary of CRH plc, has purchased Expocrete Concrete Products Ltd.
Oldcastle Building Products is the leading North American manufacturer of hardscapes, retaining walls, concrete masonry, utility precast, architectural glass, and a variety of other building products. With over 400 locations and ~14,000 employees, Oldcastle Building Products operates across 43 US states and now 6 Canadian provinces. Oldcastle’s philosophy is to operate in a decentralized business model, meaning each company works with great autonomy to service their local markets, while leveraging the group’s resources and best practices.
CRH plc, headquartered in Ireland, has operations in 35 countries, employing approximately 75,000 people at over 3,600 locations. Their operations focus on three closely related core businesses: Primary Materials, Value-Added Building Products and Building Materials Distribution. CRH shares are listed on the Irish and London Stock Exchanges and on the New York Stock Exchange (NYSE).
The acquisition of Expocrete’s Western Canadian footprint will add to Oldcastle’s existing network and will enable Oldcastle the ability to serve customers throughout western Canada. Most importantly, it will provide the foundation to drive growth and future investment within this important region of the country. We are very excited to become part of the Oldcastle family which brings the opportunity to better serve our customers and provide our employees additional career opportunities.
We would also like to thank Tricor Pacific Capital for their guidance and dedicated support over the past six years. We are a much better company because of their contributions and we all look forward to the next phase of our development, from a regional business to a North American business within the Oldcastle family of companies.