Oldcastle Precast Inc. acquires assets of KriStar Enterprises, Inc.
(January 7, 2014) Atlanta, Ga. — Oldcastle Precast Inc., a leading solutions provider for North American infrastructure projects, announced today that it has acquired the assets of KriStar Enterprises Inc. The purchase includes three manufacturing locations in California and all related intellectual property, and KriStar's maintenance division, Drainage Protection Systems (DPS).
KriStar was founded in 1993 and has successfully developed innovative stormwater management products that meet the rigorous and evolving demands of Federal, State and local regulations. Oldcastle Precast will focus on marketing these solutions to regulators, owners, and civil and environmental engineers nationwide.
With a strong pipeline of innovation, Oldcastle Precast will now bring a full line of water conveyance, storage and treatment products to the marketplace. This acquisition follows Oldcastle Precast’s successful launch of StormCapture detention and retention products and will provide the entire treatment train solution that civil engineers, owners and contractors are demanding.
“This acquisition will strengthen Oldcastle Precast’s position in stormwater management throughout the U.S.,,” said Ray Rhees, Oldcastle Precast national sales president. “It will accelerate our ability to offer hydrodynamic separators, media filtration, drain inlet protection and LID products across the nation.”
Douglas Allard, CEO and president of KriStar said, “KriStar Enterprises is looking forward to being a part of the Oldcastle Precast family. The joint collaboration combines the expertise and experience of the national sales, engineering and marketing teams of both Oldcastle and KriStar and will only serve to enhance the customer service experience.”
Oldcastle Precast will offer the largest breadth of product in the industry, including the FloGard® Dual Vortex, FloGard® PerkFilter and Bio-Mod® brands.
Dave Steevens, president of Oldcastle Precast said, “The addition of these well-known brands and proven technologies, combined with our commitment to leadership in stormwater management, will allow owners and engineers a single source for design and selection of the optimal stormwater solutions for their projects.”
Drainage Protection Systems will continue its commitment to a high level of customer service on all existing projects and is looking forward to helping new customers with maintaining their devices associated with stormwater drainage systems.
For KriStar's customers and vendors, it will be business as usual. Oldcastle Precast will also continue to manufacture a broad range of stormwater products and alternative stormwater technologies marketed and sold by the company’s existing partners.
About Oldcastle Precast Inc:
Oldcastle Precast Inc. is the clear choice for building products and services for Northern American Infrastructure projects. The company is a leading provider of engineered product solutions nationwide to a number of market sectors including:
- Building Structures
- Government Military
- Power & Energy
- Construction Services
- Engineering Support
- LEED/Green Consulting