Harris Williams & Co. is pleased to announce the sale of Lafarge S.A.'s Quality Pavement Repair ("QPR") division to The QUIKRETE Companies, Inc. Harris Williams & Co. acted as the exclusive advisor to Lafarge. The transaction closed on June 3, 2009, and was led by John Neuner, Derek Lewis and Luke Semple.
"Don Nathan and the entire QPR team have developed a great product and built an outstanding brand in the pavement repair segment. We're excited that we were able to find a partner for management that shares their vision for growth, and we look forward to watching the continued success of QPR and its RoadShop branded products," said John Neuner, Managing Director at Harris Williams.
QPR (www.qprcoldpatch.com and www.qprroadshop.com) is the leading producer of high performance pavement repair materials. Utilizing its proprietary formula, QPR manufactures, markets, and distributes high performance cold mix asphalt for pothole and roadway repair throughout the United States and Canada. The Company has a broad base of end users and sells its packaged bagged product through Lowe's and its bulk product through a nationwide distribution network for use in the public and private sector. In addition to its bagged and bulk high performance asphalt products, QPR sells a line of complementary QPR RoadShop-branded pavement repair products including driveway sealer, cold and hot pour crack fillers, and a complete line of pavement repair tools.
Lafarge S.A. (www.lafarge.com) is the world leader in building materials, with top-ranking positions in cement, aggregates and concrete, and gypsum. With more than 84,000 employees in 79 countries, Lafarge posted sales of Euros 19 billion in 2008. Based in Alpharetta, GA, the QPR Division was a business unit within Lafarge North America Inc. (www.lafargenorthamerica.com), the largest diversified supplier of construction materials in the United States and Canada. In 2009 and for the fifth year in a row, Lafarge was listed in the Global 100 Most Sustainable Corporations in the World.
The QUIKRETE Companies, Inc. (www.quikrete.com) is the largest manufacturer of packaged concrete in the United States and Canada and an innovative leader in the commercial building and home improvement industries. With more than 90 manufacturing facilities in the United States, Canada, Puerto Rico and South America, the Company manufactures over 200 professional-grade and consumer products, including concrete and mortar mixes; cements; concrete repair products; stucco, waterproofing, tile setting and blacktop products; floor underlayments; sand and aggregates; and other specialty and seasonal items. |
