US-based Gibraltar acquires D.S. Brown and sells United Steel Products

On March 10, New York, US-based Gibraltar Industries Inc. (Gibraltar), manufacturer and distributor of steel products for building markets announced that it has entered into an agreement to acquire Ohio-based D.S. Brown Company, a manufacturer of expansion joints, structural bearings and pavement sealants for infrastructure projects, primarily from majority stakeholder Altus Capital Partners, Inc. based in Connecticut.
 
The transaction is subject to customary closing conditions, including regulatory approvals and is expected to be closed in three to four weeks.
 
According to a company statement, Gibraltar has also sold New York-headquartered United Steel Products Company, Inc. (USP), a supplier of structural connectors for the residential and commercial building industry, to Missouri-based MiTek Industries, Inc., a Berkshire Hathaway subsidiary, that produces engineered products and services for the building sector.