CRH’s Americas products division has acquired privately-held Coral Industries Inc. effective April 10, 2018. Coral is fabricator of framed and semi-frameless glass shower enclosures, custom frameless glass shower doors and architectural glass and aluminum products, primarily in the Southern United States.
“Coral Industries is a well-run family company that has built a strong reputation for quality products and incredible customer service. Our acquisition of Coral demonstrates our renewed focus on growth in our glass fabrication and architectural aluminum products businesses,” says Nathan Creech, president of Oldcastle BuildingEnvelope®, a CRH Company. “Coral’s presence in frameless shower doors, a key product category, as well as framed and semi-frameless applications, will expand our ability to service the residential market. In addition, Coral operates in several nonresidential architectural market segments such as storefronts, entrances, curtainwall, window wall and sun control systems where we see significant opportunity to leverage our scale, operational expertise and supply chain management to make a very strong business even better.”
Coral will operate independently, as a CRH Company, led by its existing management team with the exception of Coral’s founder and CEO, Mac McAllister, and longtime president, Al Askew, who are both retiring after the transaction is completed. The remaining members of the management team, including Grant and Lewis McAllister, will continue to lead the business.
“As a leader in building products, CRH is an ideal partner for Coral,” says Grant McAllister, Coral executive vice president. “As we started to look for ways to grow our business while continuing to provide our customers with best-in-class service, it became very clear that CRH and Coral shared similar values.”
“We could not be more pleased to be joining the CRH family. Personally, I am very much looking forward to being part of CRH to benefit from product, market and operational opportunities that will allow us to better serve our customers. It is a very exciting time for our business,” adds Lewis McAllister, Coral executive vice president.