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First National Panel Buys Plant and Manufacturer

LINDSTROM, MN-The company purchases Engineered Panel Systems, a commercial precast concrete manufacturer, while the acquired plant will serve as its headquarters. The Lindstrom facility is a fully equipped plant set up to produce precast concrete panels and will make the Engineered Panel System products.

By Jim McCartney | Updated on May 17, 2005

LINDSTROM, MN-First National Panel Co., a precast concrete building supply manufacturer, recently made two major acquisitions: The Lindstrom concrete manufacturing plant and Engineered Panel Systems, a commercial precast concrete manufacturer.

The Lindstrom facility is a fully equipped plant set up to produce precast concrete panels and will make the Engineered Panel System products, which include architectural wall panels, precast concrete and light gauge steel frames. The Engineered Panel System precast wall systems are aimed at providing builders with lower labor costs and faster construction times, the company says. The terms of the purchases were not disclosed.

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