The Belden Brick Company approved a purchase agreement for Lawrenceville Brick, Inc. of Lawrenceville, Va., through their subsidiary Redland Brick of Williamsport, Md.
Lawrenceville Brick’s original plant opened in 1947, with a capacity of 10 million bricks. The company continued to expand as demand for brick increased, and by 2002 had facilities to produce 115 million bricks per year.
William H. Belden Jr., chairman of Belden Brick, said, "We are very pleased with this arrangement. We've known the people at Lawrenceville Brick for quite some time and admire the products they produce. Their line fits well into the Redland Brick portfolio and their market area is an excellent enhancement to our sales territory."
Belden also said that the acquisition was mutually agreed upon by those involved. “The management at Lawrenceville decided that the time was right to sell, and we saw it as an excellent opportunity to expand our product portfolio.”
Redland Brick is a wholly-owned subsidiary of Belden Holding and Acquisition Company. It operates four brick manufacturing plants in Maryland, Pennsylvania and Connecticut.