Texas Industries, Inc announced the sale of its Texas based packaged products operations to Charlotte, NC-based Bonsal American, a unit of Oldcastle, Inc.
The transaction included five production facilities, stretching from the Dallas-Fort Worth Metroplex to the Houston metro area and extending through Austin and Central Texas.
As a part of the agreement, TXI and Bonsal have entered into a long-term cement supply agreement, and TXI will continue to produce and sell packaged cement and masonry cements in the Texas region. The transaction was finalised on 16 April.
Oldcastle Inc is the North American arm of CRH.