Sources: Fabcon Precast, Minneapolis; CP staff
Fabcon has stepped up its Northeast presence by acquiring Oldcastle Infrastructure Building Systems Division assets, primarily a Selkirk, N.Y. plant specializing in precast, prestressed hollowcore plank, beam and wall panels. The operation considerably increases New York and New England contract prospects beyond those of Fabcon’s easternmost site in Mahanoy City, Pa.
“This acquisition represents our continued investment in the Fabcon business and growth strategy,” says Chief Executive Officer Mike Rafi. “The Building Systems Division product line and its strategically located facility will expand our capacity for wall panels and our portfolio, which brings value to customers.”
The company plans to increase Selkirk output and add significant wall panel capabilities. The New York operation becomes a fifth Fabcon production site, joining Minnesota headquarters plus Kansas, Ohio and Pennsylvania satellite plants.