Gibraltar Industries, Inc. (Nasdaq: ROCK), Buffalo, NY, a manufacturer and distributor of products for building and industrial markets, has acquired The D.S. Brown Company, an Ohio-based manufacturer of expansion joints, structural bearings and pavement sealants for bridges, highways and other infrastructure projects, from Altus Capital Partners, Inc.
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D.S. Brown has a five-year compound annual growth rate of 10 percent and reported sales of approximately $65 million for calendar year 2010.
\”This transaction is an important incremental step forward in our strategy to focus on building and industrial end markets and to acquire businesses with a record of strong growth, that provide value-added products, and are clear leaders in their markets,\” said Gibraltar Chairman and CEO Brian Lipke.
