Concrete Products

FEB 2017

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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16 • February 2017 Vossloh AG of Werdohl, Germany, has closed on Denver-based Rocla Concrete Tie Inc., the leader in prestressed concrete railroad and turnout ties for Class I, commuter passenger, transit authority and industrial lines. Seller Altus Capital Partners II L.P., a Wilton, Conn., private equity firm, had held Rocla Concrete since mid-2013. "The acquisition enhances our profile as a provider of integrated, comprehensive solutions for rail infrastructure customers while strengthening our position in [a] focus market," says Vossloh CEO Dr. Hans Schabert. "Rocla is firmly established in the U.S. and serves the most important customers in the rail industry." Rocla Concrete joins the Vossloh Core Com- ponents division as a second business unit, Ties Technologies, alongside complementary Fastening Systems. Vossloh North America is based in Charlotte, N.C., and billed as an "an all-round provider [of] track fasteners, switches, signaling technology and rail-relat- ed services." NEWS SCOPE BY DON MARSH Strong returns spur investor's sale of Rocla Tie to German rail specialist The Rocla business will operate as Ties Technologies in the Vossloh Core Compo- nents division, joining the Fastening Sys- tems business. In addition to track fasten- ers, the latter is also known for switches. Altus Capital backed ambitious capital outlays, topped by the construction of a Pueblo, Colo., flagship to replace a dated Denver plant. PHOTOS: Concrete Products During its most recent fiscal year, Roc- la Concrete logged just under $90 million in shipments from plants in Pueblo, Colo.; Amarillo, Texas; Bear, Del.; Portsmouth, Ohio; Ft Pierce, Fla.; Tucson, Ariz.; and, San Jose Iturbide, Mexico. Under Altus Capital Partners II, sales doubled amid strong tie contract activity and investments netting two new plants and two bolt-on operations. "We have been fortunate to work with Altus Capital Partners in strengthening [our] growth platform over the last three years," affirms Rocla CEO Peter Urquhart. "[Managing Partner] Russ Greenberg and his team brought more than just financial resources; they worked hand in hand with our management team on both strategy and tactics, demonstrating their commitment to our growth as real partners." Altus Capital acquired Rocla Concrete to participate in the expected need of supe- rior and durable concrete ties that reduce maintenance and prolong rail life. Outlays allowed Rocla to further expand its cus- tomer base, product offerings and reach throughout the U.S. and Mexico. Major cus- tomers include Amtrak, Burlington North- ern and Union Pacific, as well as other Class I railroads, light rail/transit projects, high- speed corridors and industrial/ports across the continent. In addition to concrete ties, the Rocla portfolio includes switch ties, plus concrete low vibration track blocks and crossing panels. PHOTO: Vossloh Group

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