Control Buyout – Private Seller
Elgin Butler (the “Company”) is a 138-year old Structural Glazed Tile and Glazed Brick manufacturer based in Elgin, Texas with a brick/masonry/tile distributor in Austin, Texas. Structural tile is used predominantly in commercial and public construction such as schools, subways and stadiums. The Company is the sole North American producer of these products and was purchased from a family after five generations. An extensive operating restructuring plan was put in place that included a total plant and manufacturing reconfiguration, cost savings related to corporate and process functions, a rigorous top-to-bottom marketing plan, and a revamp of the national sales force. These operational efforts resulted in a dramatic turnaround of the business that today includes over 12 months of backlog and the highest productivity levels seen in the Company’s history.