Cleveland, March 8, 2021 / PRNewswire /-Quikrete Holdings, a leading manufacturer of ready-made concrete, mortar and admixtures, precast concrete and steel products, Presentation We recently acquired Forterra, a leading supplier of concrete pipes and related drainage products. The transaction is expected to close later this year, making Forterra a wholly owned subsidiary of Quikrete Holdings.
According to Friedonia Group industry analysts Matt Zielenski, “This transaction further strengthens Quikrete Holdings’ position in the concrete building products market. Quikrete Ready-made concrete lines, used by homeowners and construction professionals alike, also manufacture construction products such as sabo systems, pedestrian and vehicle bridge components, and highway repair products. The acquisition of Forterra allows the company to expand its products to include concrete pipes and establish itself as a leading supplier of products for infrastructure and civil engineering applications. “
In addition, Zielenski said the combination of the two companies offers cost-cutting opportunities as Forterra’s business makes it easier to obtain raw materials, distribute and market products.
For the outlook for pipes, concrete products and other building materials Construction and building products Friedonia Group website page.
About Friedonia Group -Friedonia Group, MarketResearch.comIs the premier international industrial research company, providing clients with product analysis, market forecasts, industry trends, and market share information. From a single consulting firm to a global conglomerate, our analysts provide companies with fair and reliable industry market research and analysis to help them make important business decisions. More than 100 studies are published each year, supporting more than 90% of Fortune 500 companies.Find ready-made research in https://www.freedoniagroup.com/ Or contact us for custom research: +1440.842.2400.
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Source Friedonia Group
Freedonia Analysts Help Quikrete Acquire Forterra | Ohio
Source link Freedonia Analysts Help Quikrete Acquire Forterra | Ohio