Barco Investment Group has acquired Construction Technology Laboratories, Inc. (CTLGroup), the for-profit Portland Cement Association subsidiary, along with the Skokie, Ill., campus that has served as PCA headquarters since 1968. CTLGroup began as the group’s research and development arm in 1916, and was designated an independent engineering, research, and laboratory consulting firm in 1987.
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| The PCA and adjacent CTLGroup headquarters, built in the late 1960s and 1940s, occupy prime north suburban Chicago plots. |
“We are excited about the purchase of CTLGroup and the historic PCA campus,” says Barco Investment Chairman Cary Cohrs, who served as 2012-13 PCA chairman and led Florida-based American Cement LLC. “Through the many talented people working at CTLGroup, we expect the company will experience strong growth and further build upon its reputation as an industry leader.”
“Offices in Skokie and Washington D.C. will continue to represent America’s cement industry, while CTLGroup will get a chance to thrive under new ownership,” notes PCA CEO Michael Ireland, who is based at the group’s new Alexandria, Va. office. PCA and CTLGroup staff, he adds, will continue to work at the Skokie campus as well as Washington, D.C. and Virginia offices.