Coastal Detention Holdings Acquires Southern Folger
STATESBORO, Ga. — Coastal Detention Holdings LLC of Statesboro — the holding company of Trussbilt LLC and Coastal Plain Ventures LLC (d/b/a American Steel Products) — announced on May 4 that it has reached an agreement with Phelps-Tointon Inc. to purchase the 100 percent equity interest of San Antonio-based Southern Folger Detention Equipment Company LLC (SFDEC). To ensure a seamless integration of company operations, Donald Halloran will continue as president of SFDEC.
SFDEC, formerly, Southern Steel, has been in operation for 120 years. Today, the company is a leading global provider of detention locks and hardware, detention equipment contracting, security electronics systems, and a leader in facility service and maintenance.
Coastal Detention Holdings LLC is a holding company that currently owns Trussbilt LLC of Huron, S.D., and American Steel Products of Swainsboro, Ga. The two companies are recognized as leading manufacturers of detention and security equipment, including, security hollow metal doors, frames, windows, TrussWall (metal wall panels), security grade ceilings and detention furniture.
“The merging of SFDEC with Coastal Detention Holdings will create a strategic combination of preeminent industry leaders, with manufacturing operations logistically located in South Dakota, Georgia and Texas, providing up to 400,000 square feet of manufacturing capacity,” according to a joint statement by the two firms. “The combination and integration of these companies, will establish an unprecedented level of detention/security engineering, manufacturing, contracting and service expertise.”