ATLAS ASSETS SUIT BRAMPTON BRICK
- Published: Friday, 28 February 2014 12:36
- Written by CP Staff
Canada’s second largest clay unit operator,Brampton Brick, anticipates an early-2014closing on the assets of concrete building andhardscape producer, Atlas Block, includinga Hillsdale, Ontario, flagship plant. The $12million–$14 million transaction is throughcourt-appointed receiver KPMG Inc., and allowsthe suitor to add concrete masonry capacity andtake advantage of cost-saving synergies by consolidatingproduction of similar items.
The Hillsdale facility’s advanced machineryand technology will support initiatives toexpand the Brampton Brick product portfolio andservice to concrete landscape and masonry productscustomers. The company produces pavingstones, segmental retaining wall units and otherOaks-branded concrete masonry units at Brampton,Markham and Milton, Ontario plants—all onthe Toronto periphery—and in Wixom, Mich. Itserves customers in Ontario, Quebec, Michigan,New York, Pennsylvania, Ohio, Kentucky, Illinois,and Indiana. Brampton Brick has clay productplants at its headquarters and Terre Haute, Ind.