Construction Resources | July 19, 2022
Construction Resources, LLC, (CR), a 52-year-old Atlanta-based company, has recently been acquired by an investment group, Mill Point Capital. The goal is to support the business's strategic growth plans, including geographical expansion via green fielding and acquisition in its core product categories. Over the past decade, CR has expanded its service area, product categories, and offerings to better serve its customers, and with the Mill Point partnership, will continue to focus on growth initiatives providing enhanced opportunities to CR employees across the U.S. through their legacy brands and locations.
"Our company has always believed in developing our team and fostering relationships while we provide the best possible solutions and products to our residential, multi-family, fabricator, and commercial customers. As part of International Designs Group and Mill Point Capital, we plan to continue our mission of being a loyal partner to our customers and vendors, creating job opportunities, and working with our 750 employees across 30-plus locations."
-Mitch Hires, CEO of Construction Resources.
In late 2015, Construction Resources was acquired by Monomoy Capital Partners and continued further strengthening the company's footprint and product offering. In 2019, CR acquired United Materials, Inc., helping expand its product and geographic reach. Throughout the Monomoy hold period, they have significantly expanded their construction and design influence in the southeastern part of the United States, as well as integrated and professionalized the business.
Through growth and expansion, CR has always maintained its brand legacy and relationship value with its associates and customers and plans to continue operating under the same model. While the Company has grown over the years, its leadership team and focus have been consistent. CR is pleased to report its entire Senior Leadership Team will be moving forward with Mill Point post transaction.
"Mitch and his team have built a special platform in Construction Resources. The growth opportunities in front of the Company are exceptional, and we are thrilled to be bringing CR into the International Designs family, We've been extremely impressed by the entire CR team, and the excellent foundation they have built. We're excited to partner with Mitch and the rest of the CR team to continue growing the International Designs platform and pursuing the numerous opportunities ahead."
-Rick Bennet, Executive Partner and Executive Chairman of the Board, Mill Point.
About Construction Resources-
For 50+ years, CR has provided residential and commercial builders and remodelers, as well as homeowners, with a one-stop shop for their surface, appliance, and architectural specialty needs. Construction Resources offers an array of high-quality proprietary and sought-after blue-chip brands for builders and homeowners. The company is headquartered in Atlanta, Georgia, with showrooms, surface galleries, and design centers located regionally. For more information, please visit www.constructionresourcesusa.com.
About Mill Point Capital-
Mill Point Capital LLC is a private equity firm focused on control investments in middle market companies in North America across the business services, IT services, and industrial sectors. Mill Point's experienced team of investors and Executive Partners seek portfolio company value enhancement through rigorous implementation of transformative strategic initiatives and operational improvements.
Owens Corning | August 02, 2022
Owens Corning (NYSE: OC) announced it has completed the acquisition of Natural Polymers, LLC, a manufacturer of spray polyurethane foam insulation for building and construction applications, based in Cortland, Illinois.
“We are excited to welcome the Natural Polymers team and start working together on innovative product development, Natural Polymers’ proven technology advances our strategy to provide long-term, sustainable solutions and offer our customers a diversified insulation product portfolio.”
-Todd Fister, President Insulation.
Owens Corning expects to significantly grow this business in the coming years. Natural Polymers’ track record of above-market growth is anticipated to contribute to Owens Corning’s strategy to strengthen core building and construction products and expand the company’s addressable markets into higher-growth segments.
Natural Polymers is dedicated to the development of high-quality spray polyurethane foam products and systems, offering some of the lowest-volatile organic compound products available in the spray foam industry today.
About Owens Corning:
Owens Corning is a global building and construction materials leader committed to building a sustainable future through material innovation. Our three integrated businesses – Composites, Insulation, and Roofing – provide durable, sustainable, energy-efficient solutions that leverage our unique material science, manufacturing, and market knowledge to help our customers win and grow. We are global in scope, human in scale with approximately 20,000 employees in 33 countries dedicated to generating value for our customers and shareholders, and making a difference in the communities where we work and live. Founded in 1938 and based in Toledo, Ohio, USA, Owens Corning posted 2021 sales of $8.5 billion.
Holcim | August 10, 2022
Holcim US announced today it has acquired the sand and gravel operation of Basic Construction Company, LLC, in New Kent County, Virginia.
The transaction will add significant, strategically located, aggregate reserves for Holcim's Mid-Atlantic Region along with 230 acres of land. The acquisition advances Holcim US' goal to fuel growth through bolt-on acquisitions in mature markets in the aggregates business.
For more than 100 years the Basic Construction Company has worked in Eastern Virginia with a history of responsible operations and strong community roots.
"We're excited to add this 230-acre strategic reserve, which will support our continued expansion in the Virginia market and begin a strong community engagement in New Kent County."
-Cedric Barthelemy, Head of the Mid-Atlantic Region, Holcim US.
The operations will be managed by Cedric Barthelemy, Head of Mid-Atlantic Region; Donnie Bostic, Area Manager, Southern Virginia; and Corey Johnson, General Manager, Mid-Atlantic Region.
Holcim builds progress for people and the planet. As a global leader in innovative and sustainable building solutions, Holcim is enabling greener cities, smarter infrastructure and improving living standards around the world. With sustainability at the core of its strategy Holcim is becoming a net zero company, with its people and communities at the heart of its success. The company is driving circular construction as a world leader in recycling to build more with less. Holcim is the company behind some of the world's most trusted brands in the building sector including ACC, Aggregate Industries, Ambuja Cement, Disensa, Firestone Building Products, Geocycle, Holcim, Lafarge and Malarkey Roofing Products. Holcim is 70,000 people around the world who are passionate about building progress for people and the planet through four business segments: Cement, Ready-Mix Concrete, Aggregates and Solutions & Products.