Bonsal American, Inc. announced that it has acquired the TXI Package Products business of TXI Operations LP, a subsidiary of Texas Industries, Inc., based in Dallas. Terms of the deal were not disclosed.
The Package Products business unit comprises five Texas manufacturing facilities located around three of the major markets in Texas: Dallas/Ft. Worth, Houston and Austin/San Antonio. TXI sells a mix of bagged products including dry mix concrete, cement, bulk mortar and private-label products through large and independent retailers, building materials distributors and commercial masonry distributors/contractors.
As a result, Bonsal American will acquire the SAKRETE license for the state of Texas, ownership of the MAXIMIZER brand of lightweight concrete mixes and TXI’s preblended masonry business, which will be converted to Bonsal American’s AMERIMIX brand.
“TXI Package Products is an excellent strategic fit with Bonsal American and Oldcastle,” said David Maske, president of Bonsal American, Inc. “This acquisition further strengthens our commitment to the building products category and aligns well with our growth initiatives for North America.”
Bonsal American will also enter into a licensing agreement to be a packager and seller of TXI bagged cement in the Texas market.
TXI Package Products will operate as a separate region within Bonsal American. There will be no change to either personnel or mix designs for any of the products and brands, Bonsal American said. Quality products and service will remain at the forefront of the business priorities and customers can expect the same sales team to service their accounts, according to the company.
“The Texas market is one of the largest and fastest growing markets in the country. We are excited to have TXI Packaged Products as part of the Bonsal American organization,” said Maske.
Bonsal acquires Texas-based TXI Package Products business
April 18, 2012