Ibstock plc Enters Agreement to Sell a Brick and Stone Manufacturer

Glen-Gery Corp. has announced that its parent company, Ibstock plc, has entered into an agreement to sell Glen-Gery Corp. to Brickworks Limited. The transaction is expected to be completed by the end of the year, subject to customary regulatory approvals. Glen-Gery is a North American brick and stone manufacturer headquartered in Wyomissing, Pa. The company operates 10 manufacturing plants and 10 Masonry Supply Centers throughout the U.S.

Ibstock plc, a manufacturer of clay bricks and concrete products headquartered in Leicestershire, England, has owned Glen-Gery Corp. since 2014. The sale to Brickworks was initiated based on Ibstock plc’s decision to refocus its business strategy on growing its core markets in the United Kingdom.

Brickworks Limited, is a brickmaker and a building material manufacturer in Australia. Products offered by Brickworks include masonry blocks; retaining wall systems; pavers; roof tiles; precast concrete panels; timber products and more. Brickworks products are distributed throughout Australia and New Zealand.

In announcing the acquisition of Glen-Gery, Mark Ellenor, president, Brickworks Building Products North America, notes that, “We believe the transaction is an ideal market entry into the attractive U.S. industry, with Glen-Gery having established a leading market position in its core geographic area and a reputation for excellent product quality. By combining these two great businesses, we can learn from each other and become even better.”

Founded in 1890, Glen-Gery Corp. offers a diverse portfolio of brick colors, sizes and textures for both commercial and residential applications in the U.S. and Canada.

Commenting on the sale, Glen-Gery President Greg Silvestri says, “We are very pleased with the opportunities presented by our new association with Brickworks. As leaders in our respective markets, we look forward to the potential for strengthening and expanding our combined companies.” Silvestri also notes that, “Our partnership with Brickworks will enable shared technology advancements and innovations, and the expansion of Glen-Gery’s product diversity and market coverage.”

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