About the Transaction
VCNA United Materials LLC (“United Materials”) (www.unitedmaterialsllc.com), a subsidiary of Votorantim Cimentos North American, Inc. (“VCNA”), is a well-established provider of construction building materials serving the Northeastern United States. Founded in 1998, United Materials, along with its building supply division, Scranton’s Thruway Builders Supply Corporation, offers a diverse product line including hardscapes, pavers, masonry, concrete, stone and other supplies primarily for professional contractors. VCNA is a leading supplier of cement, concrete and aggregates to customers in the Canadian and U.S. Great Lakes region.
The buyers, Upstate Steel, Inc. (“Upstate Steel”) (www.upstatesteel.com) and its affiliate Upstate Rebar, Inc. (“Upstate Rebar”) (www.upstaterebar.com) are premier providers of steel, aluminum and stainless products and services primarily for steel manufacturing in a multitude of industries across the United States, as well as providing fabrication capabilities for reinforcing bar, welded wire mesh, bar supports and accessories and anchor bolts for a variety of industries, including commercial contractors, home builders, municipalities and more.
The acquisition of United Materials’ building supplies division expands Upstate Steel and Upstate Rebar’s product offerings to include a complete line of brick, masonry supplies, site work accessories, natural stone products, cultured stone veneers, and decorative concrete materials, tools and accessories. For additional information regarding this transaction, please contact the Paramax deal team.