Houston, TX – April 2019 – TRUEGRID of Houston, TX has been acquired by Airlite Plastics of Omaha, NE.
TrueGrid makes high-performance pavers that 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 TRUEGRID’s most recognizable customers include Whole Foods, NASCAR, AutoNation, Super Bowl LI’s Club Nomadic, and the New York City Ferry.
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.
“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.”
MBS Advisors initiated the transaction and represented Airlite Plastics Co.
To learn more about this deal, check out the article written by Plastics News here.