Tag: Brick Manufacturers

12
Dec

“Brick-solid” entry into US with acquisition of a large brick maker for 8.5x EBITDA

On November 23, 2018, it was announced that Australia-based Brickworks Limited (ASX:BKW), a publicly traded manufacturer of building products, entered into a binding agreement to acquire 100% of US-based Glen-Gery Corporation from Ibstock plc (LSE:IBST), in a deal worth $110 million. Glen-Gery was included as part of the divestment of the Ibstock group of companies from CRH plc in 2014,

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