Airlite Plastics - Fox Blocks Finalizes Transaction to Acquire Houston-based Company TRUEGRID
Airlite Plastics-Fox Blocks, a leading designer and manufacturer of ICF blocks, has announced the acquisition of Houston-based company TRUEGRID.
OMAHA, Neb., April 19, 2019 /PRNewswire-PRWeb/ -- The acquisition will allow Airlite Plastics to expand into new markets as well as broaden its current North America market share. Airlite Plastics Sustainable Construction Products Division Vice President Mike Kennaw stressed that Airlite's acquisition furthers it's vision of developing a national full-service company. Airlite's acquisition of TrueGrid shows the industry that diverse organizations can combine in order to create an innovative and diverse workplace offering. The company is well-positioned to rapidly grow further and be better partners for all our clients in the future.
"This acquisition is a great opportunity for both companies," said Brad Crosby, CEO of Airlite Plastics. "Airlite Plastics shares the same core values as TrueGrid while proudly serving their customers in a very specialized market niche. Airlite Plastics brings improved access to both technical and financial resources. Together, the companies are more capable of serving all our respective clients' needs irrespective of market sector or project size. An acquisition often evokes a plethora of emotions for employees and our focus is to bring our talented teams together in a way that alleviates any concerns. My aim is to assemble a creative team that will help uncover as well as implement the best practices of both companies. It is a compelling combination that can significantly enhance our value proposition with our key clients while providing new growth opportunities for all our employees."
Airlite Plastics is dedicated to expanding its platform of sustainable construction product offerings, not only walls, but now paving flatwork with the acquisition of TrueGrid. This acquisition will further expand the product offerings of the Sustainable Construction Products Division of Airlite Plastics.
About Airlite Plastics
Airlite Plastics is an Omaha based privately held family-owned company. The company has been in operation since 1946. The company is proud of its history and its commitment to the timeless values of offering exceptional customer service, consistently delivering the best quality products, and collaborating with a skilled team of experts to offer dynamic customer solutions. Airlite Plastics has a highly-skilled staff of over 1,000+ employees.
Contact Information
Phone: 877-369-2562
Email: info(at)foxblocks.com
Address: 6110 Abbot Drive Omaha, NE 68110
http://www.FoxBlocks.com
About TrueGrid
TrueGrid is a Houston-based company that provides a 100 percent permeable paving alternative to concrete and asphalt that instantly absorbs stormwater and detains water below the surface. TRUEGRID is a green, permeable Lego-like paver system that the real world, made in the US from 100 percent post-consumer recycled plastic and filled with gravel or grass for a natural aesthetic. TRUEGRID's mission is to provide green paving solutions to build a safer and cleaner environment for our kids.
Phone: 855-355-GRID
http://www.TRUEGRIDpaver.com
SOURCE Airlite Plastics - Fox Blocks
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