Wyomissing, Pa.-based hard surface specialist Glen-Gery Corp. bills StoneFit with DryFit Technology as an innovative cladding solution whose tongue and groove panels interlock stone pieces together without the use of mortar. The panels are mechanically secured with attachment brackets that can be drilled directly into structural sheathing, regardless of stud location. The brackets assist in creating a water management system and net high wind load resistance. The tongue and groove system is dual-purpose: It interlocks panels together and eliminates wall vibration.
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PRODUCERS – MAY 2016
United Kingdom-based clay and concrete building product specialist Ibstock Plc recently appointed Doug Rende as president of Glen-Gery, a leading brick producer in the U.S. Northeast, Mid-Atlantic and Midwest regions. He succeeds Steve Matsick.
Read MoreOldcastle parent sheds long-held Glen-Gery, sister clay brick brands
Sources: CRH Plc, Dublin; Bain Capital LLC, Boston; CP staff
CRH will sell its Ibstock and Glen-Gery businesses in the United Kingdom and United States, respectively, in a $640 million deal with funds managed by Bain Capital Europe LLP. Projected to close during the first half of 2015, the transaction includes assumption of certain debt and pension liabilities resulting in net cash value to CRH of approximately $457 million.
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