Forterra, a manufacturer of water infrastructure pipe and products in the US and Eastern Canada, has acquired the business of Royal Enterprises America (Royal), a manufacturer of concrete drainage pipe, precast concrete products, stormwater treatment technologies and erosion control products.
Terms of the transaction were not disclosed.
Based in Stacy, Minnesota, Royal primarily serves the greater Minneapolis market. The acquisition of Royal is expected to provide Forterra access to new opportunities for growth in the strong and expanding Minneapolis housing and infrastructure market.
"We expect Royal will further accelerate Forterra's growth in the drainage and stormwater management markets and strengthen our position in the growing Minneapolis region, providing additional opportunities to drive value for our shareholders," says Jeff Bradley, CEO of Forterra. "Together with Royal, customers will benefit from an expanded suite of end-to-end water infrastructure products and access to technical expertise that will assist in creating tailored solutions. We're pleased to welcome Royal to the Forterra family and, given our shared commitment to quality and strong customer service and relationships, we expect a seamless integration."
"Royal has been providing high quality water treatment and utility infrastructure products for over a quarter of a century, and we look forward to continuing our success as part of the Forterra family. We expect this acquisition will expand opportunities and benefits to both our customers and employees," says Brian Seubert, president of Royal.
