# Oldcastle Architectural to acquire AERT for $117M

Advanced Environmental Recycling Technologies (AERT) entered a definitive agreement to be acquired by Oldcastle Architectural for $117 million in cash. The deal is expected to close in Q2 2017.

- Type: Acquisition
- Announced: 2017-03-16
- Where: Springdale, Arkansas, United States
- Value: $117.0M
- Status: announced
- Products: composite decking
- Sectors: [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

- [Advanced Environmental Recycling Technologies](https://endata.com/companies/22928.md) (target)
- [Oldcastle Architectural](https://endata.com/companies/22929.md) (acquirer)

## Sources

- [accessnewswire.com](https://www.accessnewswire.com/newsroom/en/clean-technology/aert-inc.-to-be-acquired-by-oldcastle-architectural-inc.-457551), 2017-03-17: "This is a compelling transaction that maximizes shareholder value."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.