Oldcastle Materials also purchased Eugene Sand & Gravel in 2007. Oldcastle Materials purchased McMinn's Asphalt in 2007, and subsequently made the company part of its Pennsy Supply subsidiary. The company also purchased Ashland Inc.'s paving and construction business for $1.3 billion. cement industry and its first investment in Florida. Oldcastle Materials took a fifty percent equity stake in American Cement Company for $50 million, marking Oldcastle Materials' entry into the U.S. In 2006, the company acquired Egge Sand & Gravel. In March 2002, Oldcastle Materials agreed to purchase US Aggregates operations in Alabama, Arizona, Nevada, Tennessee, and Utah, Arizona, for $140 million. in mid 1999, and Acme Materials & Construction in 2000. The company acquired Thompson-McCully Co. Oldcastle Materials purchased Central Pre-Mix, Four Corners Materials, Inland Asphalt, and Interstate Concrete in 1997. In October 2016, Oldcastle Materials announced plans to build a new asphalt plant and distribution center at Port San Antonio's East Kelly Railport. Oldcastle Materials' sales increased from $100 million to $7 billion between 19. The company saw significant growth during his tenure. Tom Hill was named Oldcastle Materials' president in 1991, and began serving as CEO in early 2000. United Companies ( Grand Junction, Colorado).Spokane Rock Products ( Spokane, Washington).Preferred Materials ( Myers, Florida).Mulzer Crushed Stone ( Tell City, Indiana).CRH is headquartered in Dublin, Ireland and has more than 77,000 employees at 3,100 locations in 29 countries. The company’s products include cement, aggregates, concrete, precast concrete products, glass and glazing systems, and fencing. Today, the company is one of the largest distributors of building materials in North America and Europe with revenues in 2021 of €31 billion. We will leverage KPS’ decades of manufacturing expertise to create an entrepreneurial culture centered on innovation, continuous improvement and excellent customer experience.”ĬRH (Cement Roadstone Holdings) was formed through the 1970 merger of Cement Limited (founded in 1936) and Roadstone Limited (founded in 1949). “We intend to drive profitable growth by providing the company with the financial resources to invest in commercial and operational excellence. “We are thrilled to acquire North America’s largest provider of architectural hardware, glass and glazing systems,” said Raquel Palmer, a co-managing partner of KPS. We are excited about OBE’s future opportunities, and we have found a great partner in KPS to capture them.” “We intend to expand our capabilities as a customer-oriented solutions provider in architectural hardware, glass and glazing markets. “KPS’ experience with manufacturing businesses and the significant capital resources available will allow us to invest in our commercial and operational growth strategy,” said Ms. In FY 2020, OBE had an adjusted EBITDA of $337 million which yields an enterprise valuation multiple of 10.2x. Dallas-headquartered OBE, led by President Liz Haggerty, employs over 6,700 employees across 84 manufacturing and distribution facilities in five countries.
In addition to its glass products, OBE also distributes branded hardware and glazing supplies through its subsidiary C.R. The company’s products include architectural glass, skylights, blast and hurricane resistant windows, barriers and shields, and security glazing systems that are used in projects ranging from storefronts and building entrances to shower enclosures and skylights. Oldcastle BuildingEnvelope (OBE) is a manufacturer, fabricator, and distributor of window and framing products used in residential and commercial construction. KPS Capital Partners has agreed to acquire Oldcastle BuildingEnvelope, a manufacturer and distributor of architectural hardware, glass and glazing systems, from CRH for $3.45 billion in cash.
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