Division of Rinker Materials acquires Precon Concrete Products of Ft. Myers.WEST PALM BEACH, Fla.--(BUSINESS WIRE)--June 15, 1995--Hydro Conduit of Florida has acquired Precon Concrete Products of Ft. Myers from The Clayton Group, a distributor of piping and other industrial products based in Tampa. Hydro Conduit of Florida is a division of Rinker Materials Corp. in West Palm Beach, Florida's largest supplier of building and construction materials and the country's largest supplier of concrete and concrete block. Hydro Conduit of Florida, with plants in Orlando, Miami and Ft. Myers, is one of the state's largest producers of reinforced concrete reinforced concrete Concrete in which steel is embedded in such a manner that the two materials act together in resisting forces. The reinforcing steel—rods, bars, or mesh—absorbs the tensile, shear, and sometimes the compressive stresses in a concrete pipe. Precon is one of Southwest Florida's largest manufacturers of sanitary and drainage manholes, drainage boxes, precast pre·cast adj. Relating to or being a structural member, especially of concrete, that has been cast into form before being transported to its site of installation. headwalls and precast pump stations. The company had 1994 sales exceeding two million dollars. Everett Rose, general manager of Precon, will report to John Cashin, vice president of Hydro Conduit of Florida. Providing Added Value Added value in financial analysis of shares is to be distinguished from value added. Used as a measure of shareholder value, calculated using the formula:
"The addition of Precon's products and product distribution will provide Hydro Conduit of Florida's customers with greater choice and increased delivery capabilities," said Bill Snyder Bill Snyder (born October 7, 1939, in Saint Joseph, Missouri) is the former head football coach for Kansas State University, holding that position from 1989 to 2005. Coaching career , president and chief executive officer of Rinker Materials. "Consulting engineers throughout Florida already turn to us for more of their product needs than any other drainage system Noun 1. drainage system - a system of watercourses or drains for carrying off excess water system - instrumentality that combines interrelated interacting artifacts designed to work as a coherent entity; "he bought a new stereo system"; "the system consists of a product supplier. Now they'll have one more reason to call Hydro Conduit of Florida." Rinker Materials is a subsidiary of CSR (1) (Customer Service Representative) A person who handles a customer's request regarding a bill, account changes or service or merchandise ordered. Agents in call centers are known as CSRs. See call center. America, the U.S. holding company for CSR Limited Australia, one of the world's largest international building materials companies. CSR America, based in Atlanta, operates in 25 states and employs more than 5,000 people. Rinker has more than 2,200 employees and is one of the 10 largest private employers in Florida. CONTACT: Rinker Materials Corp., West Palm Beach Jon Stone, VP/Sales & Marketing, 407/820-8383 |
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