Oldcastle Building Products to Buy MMI Products
Oldcastle Building Products Inc., the North American operation of building products producer and distributor CRH plc, has agreed to acquire Houston-based MMI Products Inc., Houston TX. MMI's parent company is Merchants Metals Holding Company.
CRH is a worldwide producer and distributor of building products and construction materials, with 2005 sales of over $17 billion. MMI will become the foundation of a fifth product group for CRH's Americas Products & Distribution Division. Oldcastle's distribution arm is Allied Building Products.
Commenting on the transaction, John Piecuch, president and CEO of MMI, said, "The Company's improved financial ...