Crane Group buying PVC sheet pile business

By Frank Esposito
Senior Staff Reporter

Published: August 5, 2014 4:50 pm ET
Updated: August 5, 2014 4:54 pm ET

Image By: Shoreline Plastics LLC Shoreline Plastics LLC's PVC sheet pile business makes protective barriers for waterways.

Related to this story

Topics Mergers & Acquisitions, Construction, Film & Sheet

Crane Group — which has exited several plastics businesses in recent years — has purchased the PVC sheet pile business of Shoreline Plastics LLC

The deal includes all related assets and intellectual property, officials said in an Aug. 5 news release. No purchase price was disclosed.

Columbus, Ohio-based Crane made the purchase through its Crane Materials International unit, which is based in Atlanta.

“When [Shoreline] contacted Crane about acquiring their sheet pile assets, it was clear this was a good business decision for our company,” CMI President and CEO Duane Bryant said in the release.

He added that the acquisition will allow CMI to expand capacity at its plant in Ball Ground, Ga.

CMI’s products include sheet piling, pedestrian bridges and marine docks made from PVC, fiber-reinforced polymers and aluminum. The PVC used in CMI’s vinyl sheet piling has about 90 percent recycled content, officials said.

Jacksonville, Fla.-based Shoreline will continue to produce PVC pipe and other extruded PVC products. The sale will allow the firm to focus on other core products, officials said.

The move is a bit of a reversal for Crane, which in 2012 sold its TimberTech wood-plastic composites unit. That move followed the firm’s sales of its PVC fence, custom extrusion and siding businesses between 2008 and 2011.


Comments

Crane Group buying PVC sheet pile business

By Frank Esposito
Senior Staff Reporter

Published: August 5, 2014 4:50 pm ET
Updated: August 5, 2014 4:54 pm ET

Post Your Comments


Back to story


More stories

Image

Huhtamäki selling film division

November 26, 2014 2:10 pm ET

Private equity firm Deutsche Beteiligungs AG (DBAG) will acquire the film business of Finland-based plastics packaging group Huhtamäki Oyj for 141...    More

Image

Thanksgiving balloons — yep, they're plastic

November 26, 2014 1:59 pm ET

As you sit in front of the TV on Thanksgiving morning and watch the parade, keep this in mind —— plastics make it possible. I'm talking...    More

Image

Visteon in talks to sell its stake in Halla Visteon Climate Control JV

November 26, 2014 9:07 am ET

Visteon Corp. confirmed this morning that it is in discussions with a private equity firm to sell its stake in South Korean joint venture Halla...    More

Image

Irish packaging group Smurfit Kappa opens film plant in Spain

November 26, 2014 6:00 am ET

Global packaging group Smurfit Kappa Group plc has responded to growing demand for its bag-in-box liquid container/dispensers by opening a new plant...    More

Image

Deal adds U.K. plant to DelStar

November 25, 2014 12:47 pm ET

Schweitzer-Mauduit International Inc. (SWM) is acquiring certain assets from the advanced wound management division of London-based Smith & Nephew plc...    More

Market Reports

Plastics Caps & Closures Market Report

The annual recap of top trends and future outlook for the plastics caps & closures market features interviews with industry thought leaders and Bill Wood’s economic forecast of trends in growing end markets. You will also gain insight on trends in caps design, materials, machinery, molds & tooling and reviews of mergers & acquisitions.

Learn more

Plastics Recycling Trends in North America

This report is a review and analysis of the North American Plastics Recycling Industry, including key trends and statistics based on 2013 performance. We examine market environment factors, regulatory issues, industry challenges, key drivers and emerging trends in post-consumer and post-industrial recycling.

Learn more

Plastics in Mexico - State of the Industry Report

This report analyzes the $20 billion plastics industry in Mexico including sales of machinery & equipment, resins and finished products.

Our analysts provide insight on business trends, foreign investment, top end markets and plastics processing activity. The report also provides important data on exports, production, employment and value of plastics products manufactured.

Learn more

Upcoming Plastics News Events

January 14, 2015 - January 14, 2015Plastics in Automotive

February 4, 2015 - February 6, 2015Plastics News Executive Forum 2015

June 2, 2015 - June 3, 2015Plastics Financial Summit - Chicago 2015

September 16, 2015 - September 18, 2015Plastics Caps & Closures - September 2015

October 27, 2015 - October 29, 2015Plastics Financial Summit - New York - 2015

More Events