Minneapolis-based Fabcon Precast has acquired the assets of the Building Services Division (BSD) from Oldcastle Infrastructure.
The purchase includes all product line assets used in the business located in Selkirk, N.Y. BSD is a manufacturer of precast, hollowcore planks, columns, beams and wall panels for the U.S. multifamily, commercial and student housing sectors. BSD is a supplier of precast products in New England, upstate New York, NYC/Long Island, Northern New Jersey and Eastern Pennsylvania. The business has been manufacturing since 1962.
“This acquisition represents our continued investment in the Fabcon business and growth strategy,” says Mike Rafi, Fabcon’s CEO. “The addition of the BSD’s product line and its strategically located facility will expand our capacity for wall panels and our portfolio, which brings value to our customers.”
The BSD product line joins Fabcon’s precast wall panel solutions and enhances Fabcon’s position as a leading precast provider in the eastern part of the U.S. Fabcon will continue to operate out of the Selkirk, N.Y., facility and plans to immediately expand production to add significant capacity for its wall products.