Company to acquire Redland Brick – Herald-Mail Media

Redland Brick, which has its headquarters in Williamsport, will become part of an Australian company if an announced deal goes through.

Brickworks North America Corp. announced this month that it had reached a binding agreement to acquire substantially all of Redland Brick Inc.s assets related to its Cushwa, Harmar, Rocky Ridge, Lawrenceville Brick and Tru-Brix product lines.

The companies expect to complete the deal in early 2020, according to a news release.

Financial terms were not disclosed.

Brickworks North America is a subsidiary of Brickworks Limited, a publicly listed Australian-owned company, Australias largest brickmaker and one of that countrys leading building products companies, the release states. The Redland Brick products will join the Glen-Gery family of brands. Brickworks acquired Glen-Gery in 2018, according to the release.

Redland Brick Inc. is a wholly-owned subsidiary of Belden Holding & Acquisition Inc., a family-owned company that operates brick plants and other interests. Redland has five brick-manufacturing plants, including two in Maryland, and one each in Pennsylvania, Connecticut and Virginia. It has about 200 employees.

The hard work and success of Redland Brick and its employees gained the attention of Brickworks, an international building products leader, Robert F. Belden, Belden Brick chairman and CEO, said in the release. Redlands staff who will be joining Glen-Gery will now have the advantage of being part of this highly successful company with exciting plans for the future in the U.S. market. As part of the Glen-Gery family, these Redland staff will share a long and proud heritage of fine brick making. For Belden Brick, the acquisition allows us to focus on our operations in Ohio.

In addition, Brickworks will acquire all KF-branded products remaining in the KF yard, becoming a distributor of these products following completion of the transaction in early 2020.

Brickworks deal for Redland comes on the heels of Brickworks acquisition of Sioux City Brick in August.

We are seeing strong growth in the demand for high-quality, innovative brick products for broad commercial and residential applications. To meet this demand, investment in modernized brick plants and robust R&D efforts are essential, Mark Ellenor, president of Brickworks North America, said in the release. Consolidation of brands and facilities is the key to strengthening the market and securing the future. Brickworks is pleased to lead the industry in innovation and promotion of bricks.

Redland Brick produces handmade, molded and extruded face brick, pavers and thin brick for the architectural and residential markets.

The transaction will expand Glen-Gerys reach in the southern United States, and the addition of Redland Bricks modern manufacturing plants will strengthen Glen-Gerys ability to more efficiently meet the growing supply demands of distributors and customers, the companies reported in the release.

In addition, Redland Bricks brands will extend Glen-Gerys selection of product styles, colors and textures. In particular, Redland Bricks Cushwa brand will expand Glen-Gerys premium product line of innovative brick designs for the needs of architects, interior designers and design professionals.

Major cities in our region, including New York, Washington, D.C., Boston, Philadelphia, Chicago and Detroit all have a strong heritage of brick construction, Ellenor said in the release. We are confident the superior technical and aesthetic qualities of brick will ensure a bright future and continued strong demand.

Brickworks Limited, which traces its history to 1908, offers products including bricks, masonry blocks, retaining wall systems, pavers, roof tiles, precast concrete panels, timber products and other items. The company distributes its products throughout Australia and New Zealand. Through Brickworks North America, Brickworks Limited has a presence in the North American market through ownership of Glen-Gery and Sioux City Brick. http://www.brickworks.com.au

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Company to acquire Redland Brick - Herald-Mail Media