STOCK TITAN

Oldcastle APG Acquires EP Henry

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Neutral)
Rhea-AI Summary

Oldcastle APG has acquired EP Henry, a manufacturer of hardscape and masonry products in the Mid-Atlantic region. The acquisition, finalized on June 21, 2021, enhances Oldcastle APG's portfolio, which includes brands like Belgard and Echelon. EP Henry, known for its quality products since 1903, operates seven facilities across four states, providing a range of outdoor living products. The deal supports Oldcastle APG's strategy of expanding its market presence through recent acquisitions.

Positive
  • Acquisition of EP Henry enhances Oldcastle APG's product offerings.
  • Strengthens market position in the Mid-Atlantic region.
  • EP Henry's reputation for quality complements existing brands.
Negative
  • None.

ATLANTA, June 22, 2021 /PRNewswire/ -- Oldcastle APG today announced its acquisition of EP Henry, a privately owned manufacturer of hardscape and masonry products in the Mid-Atlantic region of the United States. Operating from seven manufacturing and distribution facilities across New Jersey, Pennsylvania, Virginia, and Maryland, EP Henry provides pavers, segmental retaining walls, masonry block, and wet-cast products to the building materials market.

Since 1903, EP Henry has manufactured the highest quality products for its customers, offering pavers, masonry, and walls recognized for beauty, durability, and innovation. EP Henry aligns with Oldcastle APG's existing portfolio, fortifying its manufacturing and distribution capabilities for decades to come.

"I am thrilled to welcome J.C. Henry and the entire EP Henry team to Oldcastle APG," says Tim Ortman, President, Oldcastle APG. "Across four generations, EP Henry has stood the test of time as a thought-leader in the hardscapes and masonry industries, bringing families together through best-in-class outdoor living spaces. I look forward to working with the EP Henry team to ensure a seamless transition for the customers we serve."

"For nearly 120 years, our family has sought to make the best quality products for our customers," says J.C. Henry, CEO, EP Henry. "We are excited to join the Oldcastle APG family, knowing their commitment to quality and customer service complements our own. As this new chapter in EP Henry's history unfolds, I am confident our customers will experience nothing but the best from EP Henry for years to come."

The acquisition was finalized on June 21, 2021 and follows several recent strategic hardscapes acquisitions by Oldcastle APG, including Allied Concrete Products and Abbotsford.

About EP Henry

Since 1903, EP Henry has sought to make the best quality products for its customers and bring families together through amazing outdoor living spaces. EP Henry offers a broad assortment of distinctive pavers and walls that set the standard for beauty, quality, and durability. EP Henry is based in the Mid-Atlantic United States and has been family-owned for four generations.

About Oldcastle APG

Oldcastle APG, a CRH company, is a leading provider of outdoor living and building materials, with industry-leading positions in concrete masonry, hardscapes, bagged dry mixes, lawn and garden, and composite decking. Oldcastle APG's brand portfolio includes Belgard hardscapes, Echelon masonry, Sakrete and Amerimix packaged products, and MoistureShield composite decking. CRH (LSE: CRH, ISE: CRG, NYSE: CRH) is the leading building materials business in the world, employing c.76,600 people at c.3,100 operating locations in 29 countries. It is the largest building materials business in North America and in Europe. It also has positions in Asia. For more information, visit www.crh.com

Cision View original content to download multimedia:http://www.prnewswire.com/news-releases/oldcastle-apg-acquires-ep-henry-301317389.html

SOURCE Oldcastle APG

FAQ

What is the significance of Oldcastle APG's acquisition of EP Henry?

The acquisition strengthens Oldcastle APG's market position and expands its product portfolio in hardscape and masonry.

When was the acquisition of EP Henry finalized?

The acquisition was finalized on June 21, 2021.

What products does EP Henry manufacture?

EP Henry manufactures pavers, segmental retaining walls, masonry blocks, and wet-cast products.

How will the acquisition impact customers of EP Henry?

Customers can expect continued quality and service, as Oldcastle APG shares a commitment to high standards.

What strategic goals does Oldcastle APG aim to achieve with this acquisition?

Oldcastle APG aims to enhance its product offerings and strengthen its competitive position in the market.

CRH Public Limited Company

NYSE:CRH

CRH Rankings

CRH Latest News

CRH Stock Data

68.20B
675.06M
0.48%
81.66%
1.68%
Building Materials
Cement, Hydraulic
Link
United States of America
DUBLIN 16