Oldcastle Infrastructure Acquires Cook Concrete Products

Rhea-AI Summary

Oldcastle Infrastructure, a CRH Company, has acquired Cook Concrete Products, a Redding, CA-based provider of precast structures for underground applications in energy, water, and communications markets across Northern California, Oregon, and Nevada. Founded in 1955, Cook Concrete brings strategic manufacturing capabilities and product breadth to Oldcastle Infrastructure's portfolio. The acquisition fills a geographic gap and complements Oldcastle's existing product offering while expanding their presence in the Northern California market.

Positive

• Strategic expansion into Northern California, Oregon, and Nevada markets
• Acquisition fills geographic manufacturing gap
• Expands product portfolio in energy, water, and communications sectors
• Gains established customer relationships and market presence

Negative

• None.

ATLANTA, Nov. 8, 2024 /PRNewswire/ -- Oldcastle Infrastructure™, a CRH Company, announced today that it has acquired Cook Concrete Products ("Cook Concrete"). Operating in Redding, CA, Cook Concrete is a provider of precast structures primarily used in underground applications in the energy, water, and communications markets in Northern California, Oregon, and Nevada.  

Oldcastle Infrastructure™, a CRH Company, has acquired Cook Concrete Products, based in Redding, CA.

"Founded in 1955, Cook Concrete is a trusted partner with a long track record of serving the Northern California market. Adding Cook Concrete to our business fills a geographic gap, bringing manufacturing capability and product breadth that will enable Oldcastle Infrastructure to deliver more value to our customers in the region," said Jason Jackson, President, Oldcastle Infrastructure. "The acquisition complements Oldcastle Infrastructure's existing product offering, while further expanding our presence and customer base in the attractive Northern California market."

"Cook Concrete has extensive market knowledge, established customer relationships, and a solid reputation as a provider of high-quality products and outstanding customer service," stated Matt Clemson, President, West Region Pipe & Precast and Stormwater at Oldcastle Infrastructure. "The addition of Cook Concrete strengthens our solutions offering and better positions us as our customers' strategic partner of choice."

About Oldcastle Infrastructure™
Oldcastle Infrastructure™, A CRH Company, is the leading provider of building materials, products and services for infrastructure projects to several North American market sectors, including: Water, Communications, Energy, and Transportation. For more information, visit www.oldcastleinfrastructure.com. 

About CRH
CRH (NYSE: CRH, LSE: CRH) is the leading provider of building materials solutions that build, connect and improve our world. Employing c.78,500 people at c.3,390 operating locations in 28 countries, CRH has market leadership positions in both North America and Europe. As the essential partner for transportation and critical utility infrastructure projects, complex non-residential construction and outdoor living solutions, CRH's unique offering of materials, products and value-added services helps to deliver a more resilient and sustainable built environment. The company is ranked among sector leaders by Environmental, Social and Governance (ESG) rating agencies. A Fortune 500 company, CRH's shares are listed on the NYSE and LSE. For more information visit: www.crh.com.

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SOURCE Oldcastle Infrastructure

FAQ

What company did CRH's Oldcastle Infrastructure acquire in November 2024?

Oldcastle Infrastructure acquired Cook Concrete Products, a Redding, CA-based provider of precast structures.

What markets does Cook Concrete Products serve for CRH?

Cook Concrete Products serves the energy, water, and communications markets in Northern California, Oregon, and Nevada.

What is the strategic benefit of CRH's Cook Concrete acquisition?

The acquisition fills a geographic gap, adds manufacturing capability, and expands Oldcastle Infrastructure's presence in the Northern California market while complementing their existing product offering.

When was Cook Concrete Products founded before being acquired by CRH?

Cook Concrete Products was founded in 1955.