Sources: Bonsal American, Inc., Charlotte, N.C.; Staff reports
Oldcastle’s Bonsal American business has acquired the TXI Package Products unit of TXI Operations, LP, a subsidiary of Dallas-based Texas Industries, Inc. The transaction spans five plants specializing in dry mix concrete and other packaged products located around Texas’ three major markets: Dallas/Ft. Worth, Houston and Austin/San Antonio.
“TXI Package Products is an excellent strategic fit with Bonsal American and Oldcastle,” says Bonsal American President David Maske. “This acquisition further strengthens our commitment to the building products category and aligns well with our growth initiatives for North America.”
TXI sells bagged dry mix concrete, cement, bulk mortar and private-label products through large and independent retailers, building materials distributors and commercial masonry distributors/contractors. As part of the deal, Bonsal American acquires the Sakrete license for the state of Texas; ownership of the Maximizer brand of lightweight concrete mixes; and, TXI’s preblended masonry mortar business, which will be converted to Bonsal American’s Amerimix brand. The suitor will also enter into a licensing agreement to be a packager and seller of TXI bagged cement in Texas. TXI Package Products will operate as a separate region within Bonsal American, with no change to either personnel or product/brand mix designs.