Sources: Oldcastle Precast, Atlanta; CP staff
Oldcastle Precast and Module X Solutions will manufacture protective modular buildings for the telecommunications, petrochemical, oil and gas, fiber regeneration, and solar industries. A joint venture, Module X Oldcastle LLC, will be based at a 750,000-sq.-ft. operation in Shreveport, La.
“This joint venture will enable Module X and Oldcastle to more effectively target the growing market for protective modular buildings in the United States,” says Chairman Steven Schoonover. “Through Module X’s expertise as an industry leader in modular building systems and Oldcastle Precast’s significant geographic footprint, Module X Oldcastle is uniquely positioned to meet the needs of customers in the industrial, government, commercial and residential sectors.”
“Module X Solutions is known for its modular innovations, and combined with Oldcastle Precast’s long standing reputation in building products, creates a dynamic team that will allow us to reach new and existing customers in many industries, with product lines encompassing concrete and light and heavy gauge steel,” adds Module X Oldcastle President Dave Steevens.
The joint venture will offer diversified products and services to projected growth industries while leveraging joint processes and economies of scale to gain market share, he adds, while Module X Solutions continues to produce protective building systems for domestic and international government projects.