Texas Industries (TXI) Finalizes Sale of Package Products Operations

April 17, 2012 5:13 PM EDT
Texas Industries, Inc. (NYSE: TXI) today announced the sale of its Texas based packaged products operations to Charlotte, NC-based Bonsal American, a unit of Oldcastle, Inc.

The transaction included five production facilities, stretching from the Dallas-Fort Worth Metroplex to the Houston metro area and extending through Austin and Central Texas.

As a part of the agreement, TXI and Bonsal have entered into a long-term cement supply agreement, and TXI will continue to produce and sell packaged cement and masonry cements in the Texas region. The transaction was finalized on April 16.

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