Oldcastle Building Products Inc., the North American operation of building products producer and distributor CRH plc, has agreed to acquire Houston-based MMI Products Inc., Houston TX. MMI’s parent company is Merchants Metals Holding Company.
CRH is a worldwide producer and distributor of building products and construction materials, with 2005 sales of over $17 billion. MMI will become the foundation of a fifth product group for CRH’s Americas Products & Distribution Division. Oldcastle’s distribution arm is Allied Building Products.
Commenting on the transaction, John Piecuch, president and CEO of MMI, said, “The Company’s improved financial position should enable MMI to continue to expand its product and geographic profile and to provide an even better value proposition for its various customer constituents.”
MMI is a manufacturer and distributor of products used in the North American public infrastructure, nonresidential and residential construction industries with established market positions in each of two reporting segments, Concrete Construction Products and Fence.
The Concrete Construction Products segment consists of various classes of welded wire reinforcement, that serve as a structural grid for concrete construction used in building, road, bridge, and sewage and drainage projects, and PC strand, which is used in pre-tensioned and post-tensioned concrete construction. In addition, the Concrete Construction Products segment produces over 2,000 types of hardware accessories used in concrete construction activity, including precast, tilt-up and masonry applications; products used to position and install steel reinforcing bar; and welded steel reinforcing products.
Products in the Fence segment include all types of galvanized and vinyl-coated chain-link fence fabric, ornamental fencing, fittings, and other related products which are manufactured and distributed by the cmpany, as well as wood, vinyl and aluminum fence, pipe, tubing, access control equipment and other products that are primarily manufactured by third parties and distributed by the company.
