ATLANTA, July 26,
2023 /PRNewswire/ -- Oldcastle
infrastructure™, A CRH Company has today announced that
it has acquired Hydro International® ("Hydro") from
funds advised by Agilitas Private Equity LLP. Hydro is a leading
provider of stormwater products, wastewater treatment products,
wastewater services, and data solutions in North America and Europe. The company works directly with
municipal, commercial and industrial customers to improve the way
that water is processed, treated and managed. Headquartered in
Clevedon, UK, and with a sales presence in 19 countries, it has
over 40 years of experience and a reputation for engineering
excellence and industry-leading product performance.
The strategic addition of Hydro to Oldcastle Infrastructure's
water management offering further enables the company to fulfill
its vision to be a leading provider of solutions in the circular
water economy. Factors including increased water regulation, aging
infrastructure and increased government funding are paving the way
for Oldcastle Infrastructure, to address the critical water
treatment and management needs of global communities. Acquiring
Hydro further enhances its water treatment solutions offering,
bringing product breadth, market expertise, and well-developed
R&D capabilities.
"We are continually looking for ways to create value for our
customers through innovation and advanced technology. Bringing
Hydro into our infrastructure solutions business directly aligns
with that approach and further advances our water market strategy,"
stated Jason Jackson, President, CRH
Infrastructure Products. "As one of the most respected players in
the North American and UK stormwater and wastewater markets, Hydro
brings extensive market knowledge and strong specification
positions that will drive growth for us both in Europe and North
America."
"The opportunities for synergy between Oldcastle Infrastructure
and Hydro are tremendous," said Paul
Cleaver, CEO, Hydro International. "Hydro has a legacy of
driving innovation and accelerating growth through new products and
services development. Combining Hydro's product expertise with
Oldcastle Infrastructure's commercial platform enables our teams to
uniquely solve ever-expanding problems for our customers in the
water market."
About Oldcastle Infrastructure™
Oldcastle
Infrastructure™, A CRH Company, is the leading provider
of building materials, products and services for infrastructure
projects to several North American market sectors, including:
Water, Communications, Energy, and Transportation. For more
information, visit www.oldcastleinfrastructure.com.
About CRH
CRH (LSE: CRH, ISE: CRG, NYSE: CRH) is the
leading provider of building materials solutions that build,
connect and improve our world. Employing c.75,800 people at
c.3,160 operating locations in 29 countries, CRH has market
leadership positions in both North
America and in Europe. As
the essential partner for road and critical utility infrastructure,
commercial building projects and outdoor living solutions, CRH's
unique offering of materials, products and value-added services
helps to deliver a more resilient and sustainable built
environment. A Fortune 500 company, CRH is a constituent member of
the FTSE 100 Index, the EURO STOXX 50 Index, the ISEQ 20 and the
Dow Jones Sustainability Index (DJSI) Europe. The company is ranked among sector
leaders by Environmental, Social and Governance (ESG) rating
agencies. CRH's American Depositary Shares are listed on the NYSE.
For more information visit: www.crh.com
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SOURCE Oldcastle Infrastructure