Forterra Expands Reach into Growing Precast Markets
IRVING, Texas – Forterra, Inc. (“Forterra” or “the Company”) (Nasdaq: FRTA), a leading manufacturer of water and drainage infrastructure pipe and precast products in the United States and Eastern Canada, today announced that it has acquired the business of Barbour Concrete Company & Barbour Building Systems (“Barbour”), a manufacturer of precast concrete products used in drainage, stormwater, utility and other infrastructure applications.
Based in Independence, Missouri, Barbour primarily serves the greater Kansas City metropolitan area. For the past 75 years, Barbour has provided high quality products and service to meet customer needs as well as serving as a leader in the National Precast Concrete Association. Forterra expects to continue operating as Barbour Concrete & Barbour Building Systems for the foreseeable future and believes this acquisition will gain it access to new opportunities for growth in the strong and expanding Kansas City infrastructure and residential markets.
“We expect Barbour will accelerate Forterra’s growth in the precast concrete markets and strengthen our position in the growing Kansas City region. This will position us well to continue growing our business in the surrounding area as well, specifically the Greater Omaha market,” said Karl Watson, CEO of Forterra. “The acquisition of Barbour will benefit our customers as we provide an expanded suite of products and access to technical expertise that will assist in creating tailored solutions. We’re pleased to welcome Barbour to the Forterra team and, given our shared commitment to quality and strong customer service and relationships, we expect a seamless integration,” said Jason Duncan, Forterra Western Region Vice President.
