If you need some new materials for your home and castle, Oldcastle Materials would be glad to help. A US subsidiary of international building materials group CRH, Oldcastle Materials operates more than 640 aggregate production facilities, more than 450 asphalt plants, and some 280 ready-mix concrete facilities. It produces roughly 120 million tons of aggregates, more than 40 million tons of asphalt, and some 10 million cu. yd. of ready-mix concrete annually. The company also supplies building materials and architectural glass, and performs paving and construction services. Clients include commercial construction companies, federal agencies, municipalities, and residential customers.
Active throughout the US, Oldcastle operates through myriad subsidiaries that maintain their local indentities, but enjoy the resources of being a part of a larger organization. Units include Pike Industries and P.J. Keating in New England, Tilcon in the Northeast, Pennsylvania-based Pennsy Supply and Ohio-based Shelly Company, APAC in the South, and Staker Parson in the West. Texas-based MMI Products manufactures and distrubutes fencing and concrete construction products. Oldcastle Industrial Materials produces limestone products, while Oldcastle Distribution, which operates as Allied Building Products, supplies roofing, siding, wallboard, and ceiling tiles to contractor groups through more than 180 locations in some 30 states.
Oldcastle continues to add new businesses, as parent company CRH acquired Texas-based asphalt producer Wheeler Companies, Hilty Quarries in Missouri, and Utah-based Burdick Paving in 2009. However, a $540 million deal to acquire Dallas-based Pavestone was cancelled that year after the Federal Trade Commission said the acquisition would reduce competition in the formed concrete products market. All was not lost in Dallas, though, as the company completed work on the mammoth Dallas Cowboys football stadium that opened in 2009.
Despite an increase in asphalt and paving projects from the federal stimulus package, Oldcastle continues to be hampered by stagnant commercial, residential, and infrastructure construction markets. Its revenue and rates of materials production have dropped as a result. – less