WYOMISSING, Pa. — Glen-Gery Corporation has announced that its parent company, Ibstock plc, has entered into an agreement to sell Glen-Gery Corporation to Brickworks Limited. The transaction is expected to be completed by the end of the year, subject to customary regulatory approvals. Glen-Gery is a North American brick and stone manufacturer headquartered in Wyomissing, Penn. The company operates 10 manufacturing plants and 10 Masonry Supply Centers throughout the U.S. In Iowa, Glen-Gery operates a manufacturing plant in Redfield and a Masonry Supply Center in West Des Moines.
Ibstock plc, a manufacturer of clay bricks and concrete products headquartered in Leicestershire, England, has owned Glen-Gery Corporation since 2014. The sale to Brickworks was initiated based on Ibstock plc’s decision to refocus its business strategy on growing its core markets in the United Kingdom.
Commenting on the sale, Glen-Gery President Greg Silvestri said, “We are very pleased with the opportunities presented by our new association with Brickworks. As leaders in our respective markets, we look forward to the potential for strengthening and expanding our combined companies.” Silvestri also noted that, “Our partnership with Brickworks will enable shared technology advancements and innovations, and the expansion of Glen-Gery’s product diversity and market coverage.”