CST Industries acquires Temcor
KANSAS CITY, KS, Sept. 14, 2009 -- CST Industries Inc., a global leader in the design, manufacture, and installation of storage tanks and covers, has acquired Temcor Inc., headquartered in Gardena, CA...
KANSAS CITY, KS, Sept. 14, 2009 -- CST Industries Inc. (CST), a global leader in the design, manufacture, and installation of storage tanks and covers, announced today it has acquired Temcor Inc. Headquartered in Gardena, California, Temcor is a leading global provider of specialized aluminum dome structures. Temcor designs, manufactures and erects clear‐span aluminum domes and specialty covers for energy, infrastructure, water and wastewater applications. Temcor is the largest aluminum dome provider in the world with over 7,500 structures installed in 72 countries on all seven continents. Temcor is a fully integrated cover manufacturer combining proprietary design engineering capabilities, patented technologies, precision manufacturing and in‐field domestic erection capabilities.
"Temcor is recognized internationally as a leader in aluminum domes and specialty covers. Its engineering expertise, global selling network, world class manufacturing operations, led by an experienced management team, are a strong fit with CST's existing businesses" said Brian Bauerbach, President and CEO of CST. "We look forward to working closely with Temcor's management team to deliver the best storage and cover products and services to our customers worldwide."
CST Industries has built an extensive portfolio of brands and products for critical storage requirements. The Temcor acquisition further strengthens CST's overall position and ability to serve the industry. CST Industries is a portfolio company of The Sterling Group, L.P.
About CST Industries Inc.
CST Industries Inc. (www.tanks.com), headquartered in Kansas City, is the global leader in the manufacture and erection of factory coated metal storage tanks, aluminum domes and specialty covers. CST's existing company portfolio consists of Columbian TecTank, Engineered Storage Products, Conservatek Industries Inc. and CST Vulcan Inc. Manufacturing facilities and technical design centers are located in Parsons, Kansas; Winchester, Tennessee; DeKalb, Illinois; Conroe, Texas and the United Kingdom. Regional sales offices are located throughout North America and in Mexico, Argentina, United Kingdom, Singapore and Dubai.
About The Sterling Group, L.P.
Founded in 1982, The Sterling Group (www.sterling‐group.com) is a private equity investment firm that targets controlling interests in basic manufacturing, industrial services and distribution companies. Typical enterprise values of these companies range from $100 to $500 million. Sterling has sponsored the buyout of over 35 platform portfolio companies and numerous add‐on acquisitions aggregating a total transaction value of approximately $8 billion. Currently, Sterling has $600 million of committed capital under management.