Crane Materials Intl. (CMI), announced the acquisition of ￼Shoreline Plastics (SLP) vinyl sheet pile business including all related assets and intellectual property.
￼CMI is a global company headquartered in Atlanta with manufacturing facilities in Georgia and ￼Florida. The company manufactures and fabricates vinyl, fiber-reinforced polymer, and ￼aluminum sheet piling, aluminum pedestrian bridges, and marine docks.
￼SLP, a vinyl sheet pile business based in Jacksonville, Fla., produces PVC pipe and other extruded PVC ￼materials. The SLP purchase allows CMI to continue investing in the growing demand for vinyl products, ￼while allowing SLP to focus on other core products within their product portfolio.
￼“When SLP contacted CMI about acquiring their sheet pile assets, it was clear this was a good business ￼decision for our company,” said Duane Bryant, president and CEO of CMI. “As stewards of the vinyl sheet pile industry and our long-term commitment to both the industry and our customers, we saw this as an opportunity to keep the overall vinyl market performance at a high level. This acquisition will also allow us to expand our manufacturing expertise and capacity at our Ball Ground, Ga., facility.”
Source: Crane Materials Intl.