Sources: Oldcastle Infrastructure, Atlanta; CP staff
Oldcastle Infrastructure, a CRH company, has acquired Rinker Pipe reinforced concrete drainage structures in Houston, Dallas/Fort Worth and San Antonio from Quikrete Cos. An agreement behind the transaction was announced in February as Quikrete moved to consummate its takeover of Forterra Inc., Texas concrete pipe and box culvert market leader. The deal continues Oldcastle Infrastructure’s recent expansion of drainage structure capacity, underscored by the early-2021 acquisition of six-plant Minnesota operator Hancock Concrete Products.
“Oldcastle Infrastructure has operated in Texas since 1996, primarily serving the energy and communications markets,” says President Jason Jackson. “The addition of reinforced concrete pipe and box culvert capabilities complements our existing offering, allowing us to fill key product gaps to better serve customers with end-to-end solutions within the water market. Oldcastle’s fully integrated model will allow customers in Texas easy access to a full product portfolio and quality they have always relied on.”