Jul 1, 2015

Gibraltar Industries Purchases Rough BrothersSource: Gibraltar Industries

Gibraltar Industries, a manufacturer and distributor of products for residential and industrial markets, has acquired all of the outstanding shares of privately held RBI Solar, Inc., Rough Brothers Manufacturing Inc. and affiliates (collectively “RBI”) for $130 million, subject to adjustments, in a transaction that will enable the company to leverage its expertise in structural metals manufacturing and materials sourcing to meet fast-growing global demand for solar racking solutions.

“Acquiring RBI is an important step in the transformation of Gibraltar into a company with a higher rate of growth and best-in-class financial metrics,” said Frank Heard, Gibraltar chief executive officer. “This acquisition directly aligns with key end markets and product platforms that we have strategically vetted and previously communicated to investors … Adding RBI … broadens our portfolio of products serving critical infrastructure markets around the world.”

“RBI will provide us with a new array of component products adjacent to Gibraltar’s core business, while also enabling us to leverage our global sourcing network and experience in manufacturing and taking them to market. RBI’s leadership and 300 employees are highly regarded for innovation and delivering high-quality and superior customer service, as well as their ability to generate profitable growth in a rapidly expanding and evolving sector,” Heard added.

“Becoming part of Gibraltar will enable us to achieve our strategic growth objectives faster than we could on our own,” said Richard Reilly, RBI’s president. “Our product portfolios and the end markets we serve are truly complementary to Gibraltar’s strategic direction, and Gibraltar’s core strengths align very well with ours, both operationally and culturally. Along with our executive group and the entire RBI team, I look forward to playing a key role in Gibraltar’s strategic transformation and profitable growth in the years ahead.”

In the greenhouse market, Rough Brothers’s continues to grow and expand its design, engineering, manufacturing, distribution, and installation services.

To service the greenhouse customers, Rough Brothers has added three additional manufacturing facilities and acquired two companies to broaden the company’s product offerings.

Please visit www.gibraltar1.com/ f or more information.