Fox Blocks Acquiring Key Assets of ARXX Building Products
Omaha, NE (January 30, 2014) – Fox Blocks ICF announced today that it will acquire select key assets from ARXX Building Products on February 3, 2014, integrating those assets into its own operations and augmenting the Fox Blocks Insulated Concrete Form (ICF) product line. The companies have started working together now to develop and implement a plan that ensures a seamless transition for customers and employees. The transaction was approved by the Canadian Court on January 29, 2014 and is before the US Court for approval on January 31, 2014.
Fox Blocks ICF, recognized as the fastest growing ICF Manufacturer in North America and a Best in Class Sustainable Green Building Solution, is a branded product of Airlite Plastics Co. The company has produced over 45 million square feet of ICF wall surface for the construction industry and pursued this acquisition opportunity as a way to expand customer access to innovative green building solutions.
“ARXX has done an excellent job of growing the residential and commercial ICF market segments by working closely with contractors, design professionals and owners. We’re excited about the opportunity to expand Fox Blocks’ product line — and the growth of this market — by combining the strength of two ICF innovators and leaders,” explained Brad Crosby, Airlite Plastics Co. President & CEO.
Fox Blocks ICF Vice President Mike Kennaw commented, “This acquisition reflects the Fox Blocks commitment to helping grow the ICF market. By gaining scale and volume, we hope to be an ever stronger member of the ICF market, expanding our footprint in the North America market at the same time that we help expand the industry’s footprint in the broader construction products market.”
A key objective will be to immediately introduce ARXX customers to the Fox Blocks products and personnel insuring a smooth transition.
Recently Fox Block announced they will be acquiring Reward Wall Systems as well, with that transaction becoming official on February 15th. With the two acquisitions Fox Blocks looks to become North Americas largest ICF brand.
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About Fox Blocks
Fox Blocks is a leader in developing and manufacturing Industrial Strength Insulated Concrete Forms (ICF). As the fastest growing manufacturer in North America, Fox Blocks is known best for its ease of use, product engineering and speed of construction. Fox Blocks are manufactured regionally across the United States and Canada and backed by Airlite Plastics Co., a privately held company, with more than 60 years of high-end plastic and EPS foam product manufacturing experience. Fox Blocks provides a complete range of products used in commercial and residential construction. Recognized as a Best in Class Sustainable Green Building Solution, Fox Blocks has produced over 40 million square feet of ICF wall surface for the construction industry. For more information please visit www.foxblocks.com.
About ARXX Building Products
Tracing its ICF roots back to 1978, ARXX Building Products-Blue Maxx-AAB was one of the ICF industry’s leading founders, market developers and industry expanders. ARXX is known for its ICF innovation, commercial market expertise and broad based ICF industry experience. ARXX has developed a strong network of ICF customers, developers, architects, general contractors, residential contractors, and construction supply distributors throughout the U.S. and Canada. More information about ARXX Building Products can be found at www.arxx.com.