US Brick Acquires Indiana Facilities
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South Carolina-based US Brick Holdings LLC is growing its footprint with the acquisition of several brick manufacturing and distribution facilities. Financial terms are not being disclosed, though the deal includes a manufacturing plant in Mooresville and distribution center in Evansville.
US Brick acquired the locations from Tennessee-based General Shale, which divested the locations as part of its acquisition of Meridian Brick. The divestiture also included manufacturing and distribution facilities in Michigan, Alabama, Mississippi and Tennessee.
Catherine Templeton, president of US Brick, tells Inside INdiana Business not only are there no plans to cut any jobs at the facilities following the acquisition, the company aims to add jobs, though a specific number was not known.
General Shale is a subsidiary of an Austrian-based company and Templeton says US Brick is excited to add the facilities under an “American Made” banner.
“We heard that loud and clear from the team in Mooresville when we celebrated and had lunch and talked to everybody; they were excited about that,” said Templeton. “They are excited to be a part of a company that is the right size and that is an American company. We’re not enormous; we’re a footprint of four plants and so, we can really focus on the quality of the product and the well-being of the employee and our team.”
Under the US Brick brand, Templeton says the facilities will focus on manufacturing residential brick of varying sizes.