Thu, Jul 31, 2014 00:22
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North Carolina Firm Buys TXI Package Products of Texas

Texas Business reports: CHARLOTTE, N.C.— Bonsal American, Inc., an Oldcastle company, acquired the TXI Package Products business of TXI Operations, LP, a subsidiary of Texas Industries, Inc., which is based in Dallas, Texas.

The Package Products business unit is comprised of five Texas manufacturing facilities located around three of the major markets in Texas: Dallas/Ft. Worth, Houston and Austin/San Antonio.

TXI sells a mix of bagged products including dry mix concrete, cement, bulk mortar and private-label products through large and independent retailers, building materials distributors and commercial masonry distributors/contractors.

As a result, Bonsal American will acquire the Sakrete license for the state of Texas, ownership of the Maximizer brand of lightweight concrete mixes and TXI's preblended masonry business, which will be converted to Bonsal American's Amerimix brand.

“TXI Package Products is an excellent strategic fit with Bonsal American and Oldcastle,” said Bonsal American president David Maske in a prepared statement. “This acquisition further strengthens our commitment to the building products category and aligns well with our growth initiatives for North America.”

Bonsal American will also enter into a licensing agreement to be a packager and seller of TXI bagged cement in the Texas market.

TXI Package Products will operate as a separate region within Bonsal American. There will be no change to either personnel or mix designs for any of the products and brands.

“The Texas market is one of the largest and fastest growing markets in the country,” Manske said. “We are excited to have TXI Packaged Products as part of the Bonsal American organization.”

Bonsal American is headquartered in Charlotte, N.C. Oldcastle, Inc., the U.S. holding company of Ireland-based CRH PLC, is North America's largest manufacturer of building products and materials, headquartered in Atlanta, Ga.