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Gibraltar Industries Inc. (Nasdaq: ROCK), Buffalo, NY, a manufacturer and distributor of products for residential and industrial markets, has acquired RBI Solar Inc., Rough Brothers Manufacturing Inc. and affiliates for $130 million.
Ohio-based RBI, with revenues of $164 million in 2014, is a manufacturer of photovoltaic solar racking.
This acquisition will enable Gibraltar to leverage its expertise in structural metals manufacturing and materials sourcing to meet fast-growing global demand for solar racking.
"Adding RBI not only accelerates our entry into this attractive and fast-growing sector, but also broadens our portfolio of products serving critical infrastructure markets around the world," said Gibraltar CEO Frank Heard.