• April

    18

    2019
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Airlite Plastics Co. — Fox Blocks ICF Acquires TRUEGRID

Airlite Plastics Co. — Fox Blocks ICF Acquires TRUEGRID

Oma­ha, Neb. (April 172019) – Air­lite Plas­tics acquired TRUE­GRID on April 152019, adding the per­me­able paving grid sys­tem to its line of envi­ron­men­tal­ly sus­tain­able con­struc­tion products.

TRUE­GRID high-per­for­mance pavers con­trol runoff, cre­ate less ther­mal pol­lu­tion and reduce waste for land­fills, among oth­er eco­log­i­cal ben­e­fits. Made of post-con­sumer recy­cled high-den­si­ty poly­eth­yl­ene, the pavers have rev­o­lu­tion­ized the con­struc­tion indus­try with ver­sa­til­i­ty, attrac­tive­ness and 100% permeability.

Some of the most rec­og­niz­able nation­al names rely on TRUE­GRID for park­ing areas, streets, walk­ways and bike paths — Whole Foods, NASCAR, Auto­Na­tion, Super Bowl LI’s Club Nomadic, the New York City Fer­ry.

Air­lite Plas­tics head­quar­ters in Oma­ha, Nebras­ka and man­u­fac­tures a wide range of cus­tom plas­tic prod­ucts for con­sumer and con­struc­tion mar­kets, includ­ing con­tain­ers and lids for food pack­ag­ing, drink cups and lids, and Fox Blocks insu­lat­ed con­crete form (ICF) build­ing blocks.

TRUE­GRID joins the fam­i­ly of Air­lite prod­ucts aimed at inno­vat­ing the sus­tain­able con­struc­tion mar­ket. The paving sys­tem is a nat­ur­al com­ple­ment to Airlite’s Fox Blocks brand of ICF build­ing blocks. TRUE­GRID will con­tin­ue to oper­ate in Hous­ton, Texas and sell under its TRUE­GRID name.

We are delight­ed to wel­come TRUE­GRID to our fam­i­ly of world-class prod­ucts,” said Brad Cros­by, Pres­i­dent and CEO of Air­lite Plas­tics. ​This excit­ing acqui­si­tion launch­es a new peri­od of strate­gic growth. Air­lite Plas­tics will aggres­sive­ly con­tin­ue to devel­op or acquire addi­tion­al sus­tain­able con­struc­tion products.”

Our com­pa­nies share a like-mind­ed pas­sion for devel­op­ing qual­i­ty prod­ucts that are both func­tion­al and envi­ron­men­tal­ly friend­ly,” said Bar­ry Stiles, founder of TRUE­GRID. ​We are proud to join forces with Air­lite Plas­tics, a lead­ing-edge busi­ness with a track record of success.”

The com­pa­nies final­ized the acqui­si­tion on April 152019, and the terms of the agree­ment remain private.

MBS Advi­sors of Flo­rence, MA advised Air­lite Plas­tics Co. in con­nec­tion with the transaction

Media con­tact for ques­tions or inter­views: Mike Ken­naw, (8773692562mkennaw@​airliteplastics.​com

Air­lite Plas­tics is a pri­vate­ly held, fam­i­ly-owned com­pa­ny, head­quar­tered in Oma­ha, Nebras­ka for more than 60 years. Its prod­uct lines include con­tain­ers and lids for food pack­ag­ing, drink cups and lids, as well as poly­styrene cool­ers, insu­lat­ed con­crete form (ICF) build­ing blocks, and oth­er cus­tom plas­tic products.

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