Mergers and Acquisitions

Spancrete sells division and closes plants; Texas firm acquires Marinette beauty product company; Assets of Atlas Tag & Label acquired by Texas firm

Spancrete sells division and closes plants

American Concrete Pipe, a division of Waukesha-based The Spancrete Group Inc., has notified the state Department of Workforce Development (DWD) that it is closing its plants in Milwaukee and Green Bay.

The American Concrete Pipe plant in Milwaukee was closed last week, putting about 10 employees out of work. The company’s facilities in Green Bay will be closed by November, eliminating 35 jobs.

County Materials Corp., a Marathon-based manufacturer of concrete pipes, precast concrete and masonry products, has purchased all of the assets of American Concrete Pipe. Financial terms of the acquisition were not disclosed.

A Spancrete spokeswoman said she did not know if County Materials would hire any of the American Concrete Pipe workers.

Spancrete also makes bridge components at its American Concrete Pipe facility in Green Bay. The company will begin moving its bridge components operations to another location there within the next 24 months, said John Nagy, president and chief executive officer of Spancrete.

“This business unit is outside of Spancrete’s core focus of precast concrete building solutions Nagy said. “This is a great opportunity for both Spancrete and County Materials to solidify their positions in the marketplace.”

Texas firm acquires Marinette beauty product company

Texas-based Sally Beauty Holdings Inc. has acquired Marinette-based Aerial Company Inc., a distributor of beauty products to salons and other beauty professionals. Sally Beauty paid approximately $70 million in the transaction, the company said.

“Aerial is a leading distributor in the professional beauty products industry,” said Gary Winterhalter, CEO of Sally Beauty Holdings. “The addition of Aerial will compliment BSG’s portfolio and expand its geographic footprint in the Midwest, directly supporting our objective to grow Sally Beauty Holdings over the long-term.”

Aerial employs more than 700 people, and its revenue in fiscal 2009 was approximately $100 million. It also owns 82 professional-only beauty supply stores in Wisconsin, Northern Illinois, Kansas, Michigan, Minnesota, Missouri, Iowa, Nebraska, Colorado, and North and South Dakota.

Assets of Atlas Tag & Label acquired by Texas firm

Ennis, Inc., a Texas-based manufacturer of printed business products and apparel, has acquired selected assets of Neenah-based Atlas Tag & Label Inc. No terms of the acquisition, which closed on Sept. 30, were disclosed.

Most of of Atlas Tag & Label Inc.’s employees have been offered positions with Ennis’ new operation. Ennis says it has made no changes to the day to day operations and Atlas will continue to operate in the same facility.

"Atlas Tag & Label is an exciting addition to the Ennis family,” said Keith Walters, chairman, president and CEO of Ennis, said. “This acquisition expands our tag and label capabilities and capacity while adding new customers. Like Ennis, Atlas has been serving the distributor market for more than 80 years, and we feel this addition will positively impact customers of both companies.”

 

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