Acquisition Adds Capability to Produce New Product for Northeast Region
DALLAS, Aug. 13 /-- Maintaining its position as leader in the concrete industry, Hanson Pipe & Precast today announced the acquisition of shares of Carolina Precast Concrete, Inc., serving the North Carolina, South Carolina and Virginia markets. Carolina Precast's facility is located near Raleigh and Fayetteville in Dunn, N.C. and produces precast concrete structures for storm drainage systems, sanitary sewer systems, culverts, utility enclosures, wells, tanks and piers.
"Adding such a well-known and respected company like Carolina Precast to the Hanson family is consistent with our growth initiatives and complements our existing location in Oakboro, N.C.," said Eric Wheeler, Hanson's Northeast region president. "By acquiring Carolina Precast, Hanson is introduced to a new geographic area for precast and is able to offer customers a full range of products.
Hanson Building Products North America's President and Chief Executive Officer Richard Manning added, "We understand the importance of establishing Hanson in the Carolinas, which is a growing part of the United States, and we are committed to producing products that sustain the area's infrastructure."
Carolina Precast will be part of Hanson's Northeast operating region based in Columbus, Ohio. The Northeast region's 27 manufacturing facilities are located in Connecticut, Maryland, Minnesota, North Carolina, Ohio, Pennsylvania, Rhode Island, South Dakota, Virginia and Ontario and Quebec, Canada. The region's facilities produce products used for community and roadway development, such as reinforced concrete pipe, drainage structures, precast vaults, noise barriers, bridge products such as HansonArch and Premier Railroad Crossings.
About Hanson Building Products North America
Hanson Building Products North America, a division of Hanson PLC, is comprised of Hanson Brick, Hanson Roof Tile, Hanson Pipe & Precast, Hanson Structural Precast and Hanson Paver Products. Hanson Brick is the largest brick producer in North America. Hanson Roof Tile is a leading manufacturer of concrete roof tile in the United States. Hanson Pipe & Precast is a manufacturer of concrete pipe; precast concrete products including manholes, drainage structures, box culverts, bridge components, retaining walls and concrete block; and steel and concrete pressure pipe. Hanson Structural Precast produces products used in commercial, residential and educational buildings, sports facilities, bridges and parking structures. Hanson Paver Products produces decorative concrete pavers for residential and commercial building. For more information, please visit www.hansonbrick.com/, www.hansonrooftile.com/, www.hansonpipeandprecast.com/, www.hansonpipeandprecast.com/structural and http://www.hansonpaverproducts.com/.
Hanson Building Products North America has grown and prospered into an organization of more than 7,400 employees and 140 facilities with products available throughout the U.S. and Canada. To learn more about Hanson's quality products, services and building technology please visit http://www.hanson.com/.
About Hanson PLC
Hanson is one of the world's largest suppliers of heavy building materials to the construction industry, with turnover in 2006 of 4.1bn pounds sterling. Our products fall into two categories: 'aggregates' (crushed rock, sand and gravel, ready-mixed concrete, asphalt and cement related products) and 'building products' (concrete pipes, pre-cast products, concrete pavers, blocks, tiles and clay bricks). We employ approximately 26,000 people, operating primarily in North America, the UK and Australia with further operations in Asia Pacific and Continental Europe.