CMI Acquires SLP Vinyl Sheet Pile Business
Crane Materials International (CMI) announced the acquisition of Shoreline Plastics (SLP) vinyl sheet pile business including all related assets and intellectual property.
CMI is a global company headquartered in Atlanta, Ga., with manufacturing facilities in Georgia and Florida. The company manufactures and fabricates high-quality vinyl, fiber-reinforced polymer and aluminum sheet piling, aluminum pedestrian bridges and marine docks.
SLP, a vinyl sheet pile business based in Jacksonville, Fla., produces PVC pipe and other extruded PVC materials. The SLP purchase allows CMI to continue investing in the growing demand for vinyl products, while allowing SLP to focus on other core products within their product portfolio.
“When SLP contacted CMI about acquiring their sheet pile assets, it was clear this was a good business decision for our company,” said Duane Bryant, President and CEO of CMI.
“As stewards of the vinyl sheet pile industry and our long-term commitment to both the industry and our customers, we saw this as an opportunity to keep the overall vinyl market performance at a high level,” Bryant said. “This acquisition will also allow us to expand our manufacturing expertise and capacity at our Ball Ground, Ga. facility.”
The PVC used in the production of CMI’s vinyl sheet piling is environmentally friendly, composed of roughly 90% recycled plastic, and can last up to ten times longer than other materials. PVC is resistant to rot, mold, and rust, and is used in water, chemical and dry applications.
“The vinyl sheet pile industry has evolved and grown in its 25-year history,” Bryant said. “Engineers, contractors and property owners appreciate the advantages that vinyl sheet piling products provide compared to wood or steel.”