Oldcastle APG Acquires Recycling and Mulch Operations of South Jersey Agriculture Products

Rhea-AI Summary

CRH's subsidiary, Oldcastle APG, has acquired the recycling and mulch operations of South Jersey Agriculture Products (SJAP) as of December 2021. This strategic acquisition enhances Oldcastle APG's production capacity and reinforces its market share within the Mid-Atlantic region, elevating its lawn and garden category. SJAP's offerings, made entirely from recycled materials, align with sustainability goals by promoting soil health and outdoor aesthetics. This move continues Oldcastle APG's expansion strategy following recent acquisitions aimed at bolstering its landscape materials position.

Positive

• Enhanced production capacity and market share in the Mid-Atlantic region.
• Strengthening of Oldcastle APG's position in the lawn and garden category.
• Complementary product offerings from SJAP that align with sustainability initiatives.

Negative

• None.

ATLANTA, Dec. 29, 2021 /PRNewswire/ -- Oldcastle APG, a CRH company, has acquired the recycling and mulch operations of South Jersey Agriculture Products (SJAP), a leading regional manufacturer of lawn and garden products located in southern New Jersey. A long-time co-packing partner, SJAP fits seamlessly into Oldcastle APG's existing portfolio, elevating Oldcastle APG's manufacturing capabilities in the soil and mulch product categories. Made entirely from recycled materials, SJAP's lawn and garden products not only improve outdoor aesthetics, but also promote soil health and biodiversity in outdoor areas.

Supporting its strategy to provide integrated end-to-end solutions to customers across the country, Oldcastle APG's acquisition of SJAP's recycling and mulch operations enables increased production capacity and market share growth in the desirable Mid-Atlantic region, augmenting its expansion into the lawn and garden category. This move follows notable acquisitions made by Oldcastle APG to supplement its presence in the landscape materials space. Shortly after acquiring Buckeye Resources in 2019, Oldcastle APG acquired B&B Bedding and CST in 2020 – all of which enhanced its lawn and garden position across the Midwest.

"We are excited to continue growing our Lawn & Garden business in the Mid-Atlantic region with the addition of SJAP's recycling and mulch operations to the APG family," said Tim Ortman, President, Oldcastle APG. "SJAP's complementary product offering, high-quality manufacturing and strategic geographic position will help strengthen our ability to best serve our customers in this area."

The acquisition was finalized in December 2021.

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, employing c.77,000 people at c.3,100 operating locations in 29 countries. It is the largest building materials business in North America and in Europe and also has regional positions in Asia. CRH manufactures and supplies a range of integrated building materials, products and innovative solutions which can be found throughout the built environment, from major public infrastructure projects to commercial buildings and residential structures. 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 acquisition did CRH announce in December 2021?

CRH's subsidiary, Oldcastle APG, acquired the recycling and mulch operations of South Jersey Agriculture Products.

How does the SJAP acquisition impact CRH's market position?

The acquisition enhances Oldcastle APG's production capacity and market share in the desirable Mid-Atlantic region.

What are the sustainability benefits of SJAP's products?

SJAP's products are made entirely from recycled materials, promoting soil health and outdoor aesthetics.

What was the strategic importance of the SJAP acquisition for Oldcastle APG?

The acquisition supports Oldcastle APG's strategy to provide integrated end-to-end lawn and garden solutions.