Oldcastle APG Acquires Waupaca Northwoods’ Nampa Facility

Rhea-AI Summary

Oldcastle APG (CRH) acquires Waupaca Northwoods facility, expanding into Western US soils, barks, mulches, and decorative stone market

Insights

Financial Analyst

Market Expansion through Acquisition: The acquisition of the Waupaca Northwoods facility by Oldcastle APG represents a strategic move to expand its market presence in the Western United States. This transaction is likely to enhance the company's product distribution capabilities and improve market penetration. By integrating this facility, Oldcastle APG can leverage the existing customer base and reputation of Waupaca Northwoods to strengthen its Lawn & Garden business unit.

From a financial perspective, the acquisition could lead to increased revenue streams and a more diversified product portfolio. It's essential to assess the deal's impact on Oldcastle APG's balance sheet, considering the acquisition cost and potential return on investment. Investors should monitor subsequent financial statements for changes in cash flow, debt levels and profitability margins that may arise from this expansion.

Industry Analyst

Competitive Landscape and Consumer Demand: The soils, barks, mulches and decorative stone market is a niche but significant segment of the broader home improvement and construction materials industry. Oldcastle APG's entry into this market in the Western U.S. could increase competition, potentially affecting pricing and market share dynamics. The demand in this segment is influenced by trends in residential construction, landscaping and outdoor living, which have been growing due to increased home ownership and consumer interest in outdoor aesthetics.

Analysts should evaluate how Oldcastle APG's existing resources, such as logistics and supply chain management, can be optimized to support this new venture. The company's ability to innovate and offer quality products will be crucial in gaining a competitive edge. The long-term success will depend on the company's adaptability to regional market preferences and environmental sustainability concerns, which are particularly pronounced in the Western U.S.

Economist

Regional Economic Impact: The acquisition may have economic implications for the Nampa, Idaho area and the Western U.S. region. This includes potential job creation and increased economic activity as a result of the facility's expansion and integration into Oldcastle APG's larger network. Economists should consider the broader economic trends, such as employment rates and regional economic growth, which could influence the success of the new facility.

Furthermore, the investment in the Western U.S. signifies confidence in the region's economic stability and growth prospects. It may also attract additional investments and developments in the region's landscaping and outdoor living solutions market, contributing to the diversification of the local economy.

Premier outdoor living solutions provider enters soils, barks, mulches and decorative stone market in the Western United States

ATLANTA--(BUSINESS WIRE)-- Oldcastle APG, a CRH Company, announced it has acquired the Waupaca Northwoods facility in Nampa, Idaho, a manufacturer of soils, barks, mulches and decorative stone products. The Nampa facility is a welcome addition to APG’s Lawn & Garden business, supporting its expansion into the Western United States and providing a regional foothold for future growth.

Oldcastle APG has acquired the Waupaca Northwoods facility in Nampa, Idaho (Photo: Business Wire)

“We are excited to welcome Waupaca Northwoods’ Nampa location to the APG Family, marking the debut of our Lawn & Garden business in Western states as we continue expanding our soil, bark, mulch and decorative stone portfolio across North America,” said Tim Ortman, President, Oldcastle APG. “The addition of the Nampa facility’s reputable performance and quality assets will create new opportunities for our customers to access our comprehensive suite of outdoor products in this growing region, furthering our mission to help our customers Live Well Outside.”

The integration of the Nampa facility into Oldcastle APG’s Lawn & Garden network extends visibility and accessibility for current and potential customers seeking a full range of landscaping products. This acquisition is another key milestone in Oldcastle APG’s strategy to provide end-to-end outdoor living solutions to customers across North America.

To learn more about Oldcastle APG, visit oldcastleapg.com.

About Oldcastle^® APG

Oldcastle^® APG, a CRH Company, is the leading provider of outdoor living solutions in North America with an award-winning portfolio that enables customers to Live Well Outside. Inspiring endless possibilities with enduring performance, its collection of premier building products create inviting outdoor spaces where people connect, reflect and recharge. The manufacturer’s signature brands include Belgard^® and Echelon^® hardscape and masonry materials; Barrette Outdoor Living^® and MoistureShield^® fencing, decking and railing; Sakrete^® and Amerimix^® packaged concrete and mortar; Techniseal^® sands, jointing technologies and surface protectors; PebbleTec^® pool finishes; plus popular brands of landscape and gardening materials. For more information, visit oldcastleapg.com.

About CRH

CRH (NYSE: CRH, LSE: CRH) is the leading provider of building materials solutions that build, connect and improve our world. Employing c.75,800 people at c.3,160 operating locations in 29 countries, CRH has market leadership positions in both North America and Europe. As the essential partner for road and critical utility infrastructure, commercial building projects and outdoor living solutions, CRH’s unique offering of materials, products and value-added services helps to deliver a more resilient and sustainable built environment. The company is ranked among sector leaders by Environmental, Social and Governance (ESG) rating agencies. A Fortune 500 company, CRH’s shares are listed on the NYSE and LSE. For more information visit: www.crh.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20231221598237/en/

Trevelino/Keller

TKOldcastle@trevelinokeller.com

Source: Oldcastle APG

FAQ

What company has acquired the Waupaca Northwoods facility in Nampa, Idaho?

Oldcastle APG, a CRH Company, has acquired the Waupaca Northwoods facility in Nampa, Idaho.

What products does the Nampa facility manufacture?

The Nampa facility manufactures soils, barks, mulches, and decorative stone products.

What is the significance of this acquisition for Oldcastle APG's Lawn & Garden business?

The acquisition marks the debut of Oldcastle APG's Lawn & Garden business in Western states, expanding its portfolio of outdoor products in the region.

How does this acquisition contribute to Oldcastle APG's strategy?

The acquisition is a key milestone in Oldcastle APG's strategy to provide end-to-end outdoor living solutions to customers across North America.