Jan 11 2011
Metromont Corporation is pleased to announce the acquisition of a majority interest in Royal Concrete Concepts (RCC) in West Palm Beach, Florida.
The transaction will leverage each firm’s market leading technologies to create broader solutions for a growing customer base in the eastern United States and overseas.
Headquartered in Greenville, South Carolina, Metromont is a leading provider of precast/prestressed concrete building systems in the southeastern United States.
Royal Concrete Concepts was founded by Mr. Wally Sanger in south Florida in 1989. Today, the company manufactures custom precast concrete modular building systems for residential, educational, commercial and military projects and provides turn-key construction services for both domestic and international markets. The unitized modules are shipped virtually complete with all components and finishes; including cabinetry, mechanical, electrical, plumbing, ceramic tile, paint, windows and doors. RCC recently expanded with a new state-of-the-art manufacturing facility on a 180 acre site in Okeechobee, Florida. To date, RCC building systems have been utilized in over 20,000 various building applications including over 4,000 energy efficient, architecturally appealing homes capable of withstanding up to186 mph hurricane winds and more than 4 million square feet of modular concrete space, including 3.5 million square feet of classroom space for Florida schools.
Rick Pennell, President and CEO of Metromont states, “The investment in RCC allows us to further diversify our business with additional building systems and grow in other market segments."
"Building on the strength and stability of Metromont, we are poised for additional growth and excited about our path forward,” said Wally Sanger, who will continue in his role as President of Royal Concrete Concepts. Mr. Pennell further explained, “One of the biggest attractions of RCC is their management team, their passion and ability to execute. This partnership will strengthen both companies, we will continue to offer safe, attractive and energy efficient building solutions that combine speed and quality construction with the capacity to endure.”
Source: http://www.metromont.com/