AERT

Oldcastle Architectural will buy Advanced Environmental Recycling Technologies (AERT), maker of the ChoiceDek and MoistureShield composite decking, and add those brands to its Oldcastle Architectural portfolio.

The total cash deal, announced March 17, is worth $117 million.

"We believe this is the right partnership to meet the evolving needs of our customers while furthering our ability to create best-in-class products," Tim Morrison, AERT's chief executive officer and board chairman, said in a statement. "We are excited by the opportunities for AERT under Oldcastle Architectural's ownership, and we look forward to being a part of this dynamic new chapter."

Smithfield, Ark.-based AERT makes composite decking, fence systems, and door and window systems from recycled polyethylene plastic and wood fiber waste. Its ChoiceDek brand is sold in Lowe's home iprovement stores, while MoistureShield is sold via two-steppers nationwide.

Oldcastle Architectural is a unit of Ireland-based CRH Plc. Its brands include Sakrete bagged dry-mixes, Anchor Wall Systems, and Belgard Hardscapes. It has 172 operating locations and 5,300 employees in 33 states and five Canadian provinces.

Also March 17, AERT revealed it swung to a net profit of $2.2 million in 2016 from a year-earlier net loss of $900,00. Sales in 2016 rose 3.2% to $85.3 million.