Coldspring to Expand Operations, Acquires Stone Panels Inc.
COLD SPRING -- Coldspring (formerly known as Coldspring Granite) has acquired a Texas based stone manufacturing company.
Stone Panels International LLC, a wholly-owned subsidiary of Coldspring announced on November 4th they will acquire equipment and other assets from Stone Panels Inc.
Stone Panels Inc. was the primary producer of the Stonelite product for interior and exterior building cladding. Coldspring President and Chief Operating Officer, John Mattke says they are excited for the two companies to work together and expand operations.
Stone Panels International will continue operations as a separate entity by producing Stonelite.
Stonelite is lightweight and designed for easy and fast installation. The natural stone panels consist of a thin stone veneer and aluminum honeycomb backing which sits between a fiber reinforced epoxy skin.
Coldspring is one the world's leading natural stone manufacturing companies. The company has nearly 900 employees nationwide. Its headquarters, primary manufacturing facility and bronze foundry are in Cold Spring.
You can see a video of the inner workings of Coldspring below.