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Oldcastle Precast Announces Joint Venture with Module X Solutions

Monday, May 16, 2016

NEWS RELEASE

 

FOR IMMEDIATE RELEASE

Contact:

Bob Kramer

303.209.9644

Bob.Kramer@oldcastle.com

OLDCASTLE PRECAST ANNOUNCES JOINT VENTURE WITH MODULE X SOLUTIONS

Partnership creates synergies in the Modular Building Industry

SHREVEPORT, LA. — Oldcastle Precast, the leading manufacturer of precast concrete, polymer concrete and plastic products in the United States has today announced a new joint venture with Module X Solutions, an industry leader in modular building systems. Module X Oldcastle will manufacture protective modular buildings for the telecommunications, petrochemical, oil and gas, fiber regeneration, and solar industries.  Module X Oldcastle LLC will be based at a 750,000 square foot industrial property in Shreveport, LA.

Module X Oldcastle, LLC, Chairman, Steven L. Schoonover said: “This joint venture will enable Module X and Oldcastle to more effectively target the growing market for protective modular buildings in the United States. Through Module X’s existing expertise as an industry leader in modular building systems and Oldcastle Precast’s significant geographic footprint Module X Oldcastle is uniquely positioned to meet the needs of customers in the industrial, government, commercial and residential sectors throughout the United States.”

“We are excited about the innovative diversified products and services that will be manufactured and deployed by Module X Oldcastle while leveraging Oldcastle Precast’s current modular building manufacturing facilities,” said Dave Steevens, President. “Module X Solutions is known for its modular innovations, and combined with Oldcastle Precast’s long standing reputation in the building products industry, creates a dynamic team that will allow us to reach new and existing customers in many industries, with product lines encompassing concrete and light and heavy gauge steel.”

The joint venture will offer diversified products and services to projected growth industries while leveraging joint processes and economies of scale to gain market share.

Module X Solutions will continue to produce protective building systems for domestic and international government projects.

About Module X Oldcastle

Led by a team with decades of experience and a strong track record as an industry leader in modular building systems, Module X Oldcastle will produce state-of-the-art standard and customized building systems to protect private and public sector employees, equipment and processes. Module X Oldcastle is based in Shreveport, Louisiana, with global reach in the production of secure, stable, protective shelters, through Oldcastle Precast, part of CRH Group, a leading global diversified building materials group, employing 89,000 people at 3,900 operating locations in 31 countries.

 

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