ATLANTA (Oct. 24, 2016) – Contech announced today that they have entered into a definitive merger agreement in which QUIKRETE Holdings, Inc. will acquire all of the outstanding shares of Contech common stock. The transaction has been approved by the boards of directors of both companies. The transaction is subject to customary closing conditions and is expected to close in mid to late November.
QUIKRETE President and COO Will Magill said, “We are pleased to welcome Contech, a leader in infrastructure solutions, to the QUIKRETE family of companies. The acquisition of Contech aligns two great companies and will significantly advance our growth strategy.”
“Both QUIKRETE and Contech have pursued successful strategies to grow their respective businesses and we are excited to bring these two companies together. We are highly complementary organizations and our combined value proposition will deliver competitive advantages for our customers,” stated Mike Rafi, Contech’s Chief Executive Officer.
The QUIKRETE Companies
The QUIKRETE Companies is the largest manufacturer of packaged concrete and cement mixes in the U.S. and Canada, and an innovative leader in the commercial building and home improvement industries. QUIKRETE also offers related products through numerous wholly-owned subsidiaries including SPEC MIX, Pavestone, Custom Building Products, Target Technologies, Daubois and QPR. Collectively, QUIKRETE products are manufactured and distributed from nearly 150 facilities in the U.S., Canada, Puerto Rico and South America, allowing for unsurpassed distribution and product depth. The QUIKRETE Technical Center also ensures that professionals and consumers alike are provided with the most innovative and highest quality products available on the market.
About Contech Engineered Solutions, LLC
As a leading provider of site solution products and services for the civil engineering industry in the U.S., Canada and Mexico, the Contech portfolio offering includes bridges, drainage, erosion control, retaining walls, sanitary sewer, and stormwater products.