M&A Deal Summary

Brickworks Acquires Glen-Gery

On November 22, 2018, Brickworks acquired building materials company Glen-Gery from Ibstock for 110M USD

Acquisition Highlights
  • This is Brickworks’ 3rd transaction in the Building Materials sector.
  • This is Brickworks’ largest (disclosed) transaction.
  • This is Brickworks’ 1st transaction in the United States.
  • This is Brickworks’ 1st transaction in Pennsylvania.

M&A Deal Summary
Date 2018-11-22
Target Glen-Gery
Sector Building Materials
Buyer(s) Brickworks
Sellers(s) Ibstock
Deal Type Divestiture
Deal Value 110M USD

Target

Glen-Gery

Wyomissing, Pennsylvania, United States
Glen-Gery Corp. is a manufacturer of bricks by volume of despatches in the Northeast and Midwest regions of the United States, with a network of ten manufacturing plants, ten distribution centers, and 29 active quarries, covered by 20 active quarry permits.

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Buyer(S) 1

Buyer

Brickworks

Horsley Park, Australia
Category Company
Founded 1934
Sector Building Materials
Employees1,886
Revenue 1.2B AUD (2023)
DESCRIPTION

Brickworks is a manufacturer and distributor of concrete and clay building products. Brickworks specializes in property, investments, and the manufacture and distribution of building products for the residential and commercial markets. Brickworks was founded in 1934 and is based in Horsley Park, Australia.

DEAL STATS #
Overall 4 of 11
Sector (Building Materials) 3 of 10
Type (Divestiture) 4 of 8
State (Pennsylvania) 1 of 1
Country (United States) 1 of 7
Year (2018) 1 of 1
Size (of disclosed) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-02-21 Masonry plant - Boral

Sydney, Australia

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-08-23 Sioux City Brick

Sioux City, Iowa, United States

Sioux City Brick is a privately-owned US brick manufacturer having 3 modern production lines with a total capacity of around 160 million bricks per year, located at 2 manufacturing plants, both in Iowa.

Buy $32M

Seller(S) 1

SELLER

Ibstock

Leicestershire, United Kingdom
Category Company
Founded 1825
Sector Building Materials
Employees1,943
Revenue 406M GBP (2023)
DESCRIPTION

Ibstock is a manufacturer of clay bricks and concrete products. The principal products are clay bricks, brick components, concrete roof tiles, concrete stone masonry substitutes, concrete fencing, pre-stressed concrete products, and concrete rail products. The range of products is manufactured, marketed and distributed by Ibstock Brick, Supreme Concrete, Forticrete, and Anderton Concrete. Ibstock was founded in 1825 and is based in Leicestershire, the United Kingdom.

DEAL STATS #
Overall 1 of 1
Sector (Building Materials) 1 of 1
Type (Divestiture) 1 of 1
State (Pennsylvania) 1 of 1
Country (United States) 1 of 1
Year (2018) 1 of 1
Size (of disclosed) 1 of 1
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