Concrete Products

AUGc2019

Concrete Products covers the issues that attract producers of ready mixed and manufactured concrete focusing on equipment and material technology, market development and management topics.

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26 • August 2019 www.concreteproducts.com Atlanta-based Oldcastle APG has broadened its Echelon brand with a line of full-depth veneer stone that delivers a distinctive aesthetic, increased durability, and reduced installation time. "Aria Slim Stone is ideal for adding a unique touch of modern styl- ing," says Brand Manager Dave Jackson. "Designed with masons in mind, it is easy to install, endlessly versatile and features unmatched durability." The premium design of Aria Slim Stone offers flexibility for inte- rior and exterior conditions, he adds, and features a unique, linear profile enabling application of the same veneer on both facades and in corners. Versatility and workability owe to the series' sleek, exclusive 36-in. long veneer profile. The longer dimension addresses tight labor market considerations by reducing installation time, while a full 3 5/8-in. bed depth contributes to wall integrity. Aria Slim Stone is available in Alabaster, Buff, Graphite and Lime- stone colors, and finishes from smooth to shot blast. With a range of textures and colors, the series complements mixed-material designs to deliver a timeless, contemporary look. — www.EchelonMasonry.com NEWS SCOPE PRECAST 36-in. Slim stone bulks up Oldcastle APG veneer program Two years after dispatching its Americas Distribution business in a $2.6 billion deal with Beacon Roofing Supply, CRH has penned an agreement to sell a parallel European franchise to private equity and asset manage- ment giant Blackstone for $1.8 billion. The Europe Distribution spans General Builders Merchants, which supplies bath, heating and plumbing products to professionals and homeowners through a network of local and regional brands across six countries in Western Europe. "The transaction demonstrates the continued execution of [our] strategy of creating value for shareholders through active portfolio man- agement, efficient allocation of capital, and a simpler, more focused Group," says CRH Chief Executive Albert Manifold. The divestment follows a strategic asset review during which CRH management considered all options to maximize shareholder value. Pro- ceeds will be used for general corporate purposes, capital returns to shareholders through an ongoing share buyback program, and value-cre- ating acquisitions. Where the latter are concerned, CRH demonstrated a capacity for rapid capital redeployment in the Americas Distribution deal: Months after reaching an agreement with Beacon Roofing, the producer outlined a $3.5 billion acquisition of Ash Grove Cement Co., which closed in August 2018. EXIT FROM DISTRIBUTION BUSINESS HELPS REPLENISH CRH ACQUISITION CHEST Aria Slim Stone texture and color range includes smooth Graphite and Limestone offerings.

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