Bonsal American, Inc. acquires TXI Package Products of Texas
The Package Products business unit is comprised of five Texas manufacturing facilities located around three of the major markets in Texas: Dallas/Ft. Worth, Houston and Austin/San Antonio. TXI sells a mix of bagged products, including dry-mix concrete, cement, bulk mortar and private-label products through large and independent retailers, building materials distributors and commercial masonry distributors/contractors.
As a result, Bonsal American will acquire the Sakrete® license for the state of Texas, ownership of the Maximizer® brand of lightweight concrete mixes and TXI's pre-blended masonry business, which will be converted to Bonsal American's Amerimix® brand.
"TXI Package Products is an excellent strategic fit with Bonsal American and Oldcastle," said David Maske, President of Bonsal American, Inc. "This acquisition further strengthens our commitment to the building products category and aligns well with our growth initiatives for North America." Bonsal American will also enter into a licensing agreement to be a packager and seller of TXI bagged cement in the Texas market. TXI Package Products will operate as a separate region within Bonsal American. There will be no change to either personnel or mix designs for any of the products and brands. "The Texas market is one of the largest and fastest growing markets in the country," said Maske. "We are excited to have TXI Packaged Products as part of the Bonsal American organization."