Oldcastle BuildingEnvelope has executed a binding agreement, subject to regulatory approval, to acquire C.R. Laurence Co. Inc. (CRL), North America's largest manufacturer and distributor of custom hardware and glazing products to the glass and glazing industry.
Headquartered in Los Angeles, California, CRL will continue to be independently managed and operated as a subsidiary of OBE and will retain all existing management structures and personnel.
The company has eight manufacturing/engineering centres and 28 service centres across the U.S. and Canada, and an additional six operations in the UK, Denmark, Germany, and Australia.
CRL designs and manufactures a wide range of engineered hardware products required by professional glaziers and glass shops to complete the installation of architectural glass in both commercial and residential markets.
For the past two years, the Los Angeles Business Journal has recognised CRL as one of the top 100 Fastest Growing Private Companies.
Commenting on the acquisition, Ted Hathaway, CEO of Oldcastle BuildingEnvelope said: "CEO Don Friese has built an extraordinary organisation that has enjoyed exceptional growth.
“We extend a warm welcome to their talented employees and management team and look forward to capturing unique and compelling synergies together."
Friese, who will continue to lead CRL after the acquisition, said: " We look forward to the opportunity to build upon our strengths and talents to better serve our customers."