Oldcastle APG Acquires Pool Finish Manufacturer PebbleTec

Rhea-AI Summary

On November 3, 2021, CRH company Oldcastle APG announced the acquisition of Pebble Technology International, known for its premium aggregate swimming pool finishes. This strategic acquisition enhances Oldcastle APG's position in the outdoor living category, complementing existing products like Belgard® pavers and MoistureShield™ decking. With a robust history of quality and customer service, PebbleTec reinforces CRH's integrated solutions for architects and builders. The acquisition aligns with Oldcastle APG's growth strategy, continuing its recent trend of expanding through targeted purchases.

Positive

• Acquisition enhances Oldcastle APG's product portfolio in outdoor living.
• PebbleTec's strong brand reputation supports customer engagement.
• Synergies with existing products like Belgard® pavers and MoistureShield™ decking.

Negative

• None.

ATLANTA, Nov. 3, 2021 /PRNewswire/ -- Oldcastle APG, a CRH Company, has acquired Pebble Technology International®, an industry leader in branded outdoor living products and the category-defining brand in aggregate swimming pool finishes. Headquartered in Scottsdale, Arizona, PebbleTec operates from five locations across the United States and boasts an established history spanning four decades. Known for providing The World's Most Trusted Pool Finishes®, PebbleTec has a reputation for excellent product quality and high-touch customer service. It is the top choice for customers seeking a unique, personalized pool experience designed to enhance outdoor living spaces.

Oldcastle APG's acquisition of PebbleTec significantly enhances its proposition in the thriving pool category, complementing existing products which include Belgard® pavers and pool coping, Techniseal® polymeric sand and sealers, and MoistureShield™ decking. This supports CRH's integrated and solutions-focused strategy by providing Oldcastle APG customers including architects, developers, builders, contractors and more with complete end-to-end solutions for outdoor living environments.

"I am excited to welcome PebbleTec, along with its loyal customer base of applicators and builders, to the Oldcastle APG family," said Tim Ortman, President, Oldcastle APG. "At Oldcastle APG, we are proud to offer our customers a comprehensive set of outdoor living product offerings to serve the needs of our customers. That now includes the leading product in aggregate swimming pool finishes and we look forward to the future growth and development of PebbleTec within our portfolio of outdoor living brands."

PebbleTec President Darrell Eckstein continued, "We are thrilled at the combination of Oldcastle APG and PebbleTec. Oldcastle APG represents a committed, long-term owner who will support our growth and invest in our people to enable heightened levels of success."

This acquisition follows several recent purchases by Oldcastle APG, including hardscapes company EP Henry earlier this year.

About PebbleTec
Pebble Technology International, formerly a Graycliff Partners portfolio company, is the category defining leader in aggregate swimming pool finishes. The company offers a variety of unique and proprietary finishes, characterized by high quality, performance, innovation, and aesthetics. With a history dating back to the 1980s, PebbleTec is headquartered in Scottsdale, Arizona and operates out of five locations across the U.S.  For more information, visit www.pebbletec.com

About Oldcastle APG
Oldcastle APG, a CRH Company, is a leading provider of outdoor living and building materials, with industry-leading positions in hardscapes, concrete masonry, bagged dry mixes, lawn and garden, and composite decking. Oldcastle APG's brand portfolio includes Belgard hardscapes, Echelon masonry, Sakrete and Amerimix packaged products, as well as MoistureShield composite decking. For more information, visit www.oldcastleapg.com 

About CRH
CRH (LSE: CRH, ISE: CRG, NYSE: CRH) is the leading building materials business in the world, operating in 29 countries. It is the largest building materials business in North America and Europe and also has regional positions in Asia. CRH manufactures and supplies a range of integrated building materials, products and innovative solutions. A Fortune 500 company, CRH is a constituent member of the FTSE 100 Index, the EURO STOXX 50 Index, the ISEQ 20 and the Dow Jones Sustainability Index (DJSI) Europe. CRH's American Depositary Shares are listed on the NYSE. For more information visit www.crh.com 

 

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SOURCE Oldcastle APG

FAQ

What is the significance of Oldcastle APG's acquisition of PebbleTec?

The acquisition strengthens Oldcastle APG's position in the outdoor living market and enhances its product offerings in aggregate swimming pool finishes.

When was PebbleTec acquired by Oldcastle APG?

PebbleTec was acquired by Oldcastle APG on November 3, 2021.

How does the acquisition of PebbleTec impact CRH shareholders?

The acquisition has the potential to drive revenue growth and market expansion, positively impacting CRH shareholders.

What products does PebbleTec offer that benefit Oldcastle APG?

PebbleTec is known for its unique aggregate swimming pool finishes, which will complement Oldcastle APG's existing outdoor product lines.