QUIKRETE Acquires Contech

Contech Engineered Solutions LLC announced that it has entered into a definitive merger agreement in which QUIKRETE Holdings Inc. will acquire all of the outstanding shares of Contech common stock.

The transaction has been approved by the boards of directors of both companies. The transaction is subject to customary closing conditions and is expected to close in mid to late November 2016.

“We are pleased to welcome Contech, a leader in infrastructure solutions, to the QUIKRETE family of companies,” said QUIKRETE President and Chief Operating Officer Will Magill. “The acquisition of Contech aligns two great companies and will significantly advance our growth strategy.”

Contech CEO Mike Rafi added: “Both QUIKRETE and Contech have pursued successful strategies to grow their respective businesses and we are excited to bring these two companies together. We are highly complementary organizations and our combined value proposition will deliver competitive advantages for our customers.”

Source: Contech Engineered Solutions LLC