Principals of EarthFirst Technologies Inc., Tampa, and Cast-Crete Corp., Seffner, Fla., have approved in principle a merger to be finalized by June. The
Principals of EarthFirst Technologies Inc., Tampa, and Cast-Crete Corp., Seffner, Fla., have approved in principle a merger to be finalized by June. The new entity will carry the Cast-Crete name, while EarthFirst realigns it brands in electrical contracting, environmental management and alternative fuels businesses. Decisions are forthcoming on management structure and ownership. Cast-Crete is privately held, while EarthFirst is a public company traded over the counter (ETFI).
Cast-Crete is reportedly the industry’s largest supplier of precast lintels and sills, products it helped guide into mainstream practice in the masonry-heavy Florida market, beginning in 1955. Based outside Tampa, the company also produces parking bumpers and drainage scuppers, and has a concrete and masonry supply business with products including Meadow Burke, W.R. Meadows, Owens Corning, and Simpson Strong-Tie lines.
Tentative post-merger plans call for Cast-Crete to be positioned around the housing industry. The concrete operation will be aligned with EarthFirst’s Prime Power Residential and certain segments of Electric Machinery Enterprises, which provides electrical contracting services in commercial markets. A separate public entity is to carry EarthFirst’s U.S. Sustainable Energy Corp. banner, spanning liquid and solid waste processing and treatment; World Environmental Solutions Co., engaged in solid waste remediation; and EarthFirst Americas, a biofuels concern.