Four-plant, prestressed hollow core panel producer Fabcon Precast has named Mike Rafi chief executive officer. He succeeds Mike LeJeune, who transitions to chairman of the board after overseeing day-to-day operations for 20 years. Rafi has served in senior leadership roles over the past two decades, gaining exposure to manufacturing and construction, along with merger & acquisition activity. He was most recently Contech Engineered Solutions CEO, leading into its acquisition by Quikrete Cos., and had arrived at the concrete and steel infrastructure solutions specialist following an Oshkosh Corp. management tenure.Read More
Atlanta-based Quikrete Holdings Inc. was on track to acquire all outstanding shares of Contech Engineered Solutions, LLC common stock in a merger agreement the companies’ boards approved in October.Read More
An Ohio-based innovator in concrete and composite drainage structures, Contech Engineered Solutions supplied a new stormwater detention system to Liberty Park, an elevated public space adjacent to the new World Trade Center in New York City. Scheduled for completion in 2017, Liberty Park will have a capacity of 750 people and sit 25 feet above Liberty Street, overlooking the National September 11 Memorial & Museum.
Source: Contech Engineered Solutions LLC, West Chester, Ohio
Contech Engineered Solutions, owner of the Con/Span precast arch bridge and Keystone Retaining Wall brands, has announced a recapitalization plan, $125 million long-term credit facility, and $100 million revolving loan commitment in conjunction with a new ownership team involving four equity investors.Read More