Oldcastle Buying MoistureShield
(March 30, 2017) MoistureShield and ChoiceDek composite decking producer AERT, Springdale, Ar., has agreed to be acquired by Oldcastle Architectural, Atlanta, Ga., for $117 million.
Founded in 1988, AERT operates a manufacturing plant at its Springdale headquarters and recycling facilities in Lowell, Ar., and Watts, Ok.
Part of Oldcastle, considered the largest building material producer in North America, Oldcastle Architectural has 206 locations across the U.S. and Canada. Brands include Belgard Hardscapes, Sakrete packaged concrete, Bonsal American cement mixes, Glen-Gery clay bricks, Quik-Brik veneers, Westile concrete roof tiles, Trenwyth masonry units, Concrete Designs Inc. architectural precast products, and Oldcastle lawn and garden products. MoistureShield and ChoiceDek will mark its entry into decking.
The deal is anticipated to close during the second quarter of 2017.