A subsidiary of Center for Operational Excellence member Crane Group Companies is bolstering its parent’s portfolio with the acquisition of a PVC sheet pile business.
Jacksonville-based Shoreline Plastics in August said Crane Group subsidiary Crane Materials International acquired its vinyl sheet pile business, including all related assets and intellectual property. Financial terms of the deal weren’t disclosed.
Crane Materials is headquartered in Atlanta, where Shoreline also has operations, and makes products for the marine industry, including seawalls, docks, piers and gangways. Holdings of parent Crane Group, which joined COE in 1998, include Crane Materials and several other brands, including Able Roofing, Engineered Profiles and Screen Machine Industries.
Shoreline Vinyl said it’s selling the business to allow it to focus on other core products. Crane Materials said the acquisition will allow it to invest in the growing demand for vinyl products.
Duane Bryant, president and CEO of Crane Materials, called the deal “a good business decision for our company.”