Oldcastle Precast, Inc. Acquires Assets of Kristar Enterprises Inc.
Littleton, CO, February 28, 2014 --(PR.com
)-- Oldcastle Precast, Inc., a leading solutions provider for North American infrastructure projects, announced today that it has acquired the assets of Kristar Enterprises Inc. The purchase includes three manufacturing locations and all related intellectual property.
Kristar was founded in 1993 and has successfully developed innovative stormwater management products that meet the rigorous and evolving demands of Federal, State and local regulations. Oldcastle Precast will focus on marketing these solutions to regulators, owners, civil and environmental engineers nationwide.
With 19 patents issued and a strong pipeline of innovation, Oldcastle Precast’s will now bring a full line of water conveyance, storage and treatment products to the marketplace. This acquisition follows Oldcastle Precast’s successful launch of StormCapture detention and retention products and will provide the entire treatment train solution that Civil Engineers, Owners and Contractors are demanding.
This acquisition will strengthen Oldcastle Precast’s position in stormwater management across the United States. “We are excited to build on our strategy to provide a comprehensive line of innovative stormwater solutions nationwide” said Ray Rhees, Oldcastle Precast National Sales President. This acquisition will accelerate our ability to offer hydrodynamic separators, media filtration, drain inlet protection and LID products across the nation.”
Kristar national sales, marketing and engineering team will join forces with Oldcastle Precast national sales, marketing and engineering team to enhance the customer experience. Oldcastle precast will offer the largest breadth of product in the industry including the Flogard® Duel Vortex, and FloGard® PerkFilter brands.
Dave Steevens, President of Oldcastle Precast commenting on the deal said “We are excited to add these well-known brands as part of our growing portfolio of stormwater management technologies. The addition of these proven technologies, combined with our commitment to be the national leader in stormwater management, will allow owners and engineers a single source for design and selection of the optimal stormwater solutions for their projects.
"Oldcastle Precast will also continue to manufacture a broad range of storm water products and alternative storm water technologies marketed and sold by our existing partners."
About Oldcastle Precast, Inc.:
Oldcastle Precast, Inc. is the clear choice for building products and services for North American Infrastructure projects. We are a leading provider of engineered product solutions nationwide to a number of market sectors including:
Building Structures – Communications – Government/Military
Power & Energy - Security - Transportation – Water
Construction Services – Engineering Support – LEED/Green Consulting