April 10, 2021
Business News

In Major Vertical Integration, SG Blocks Announces Asset Purchase Agreement to Acquire Modular Manufacturer ECHO DCL

NEW YORK–()–SG Blocks, Inc. (NASDAQ: SGBX), a leading designer, innovator and fabricator of container/modular-based structures, today announced that it has entered into an agreement to acquire substantially all of the assets of ECHO DCL, except for ECHO DCL’s real estate holdings, for which SG Echo has obtained a right of first refusal to acquire same, in a cash and stock transaction, which is a significant vertical integration. ECHO DCL is a container/modular manufacturer and current supplier to SG Blocks based in Durant, Oklahoma specializing in the design and construction of permanent modular and temporary modular buildings.

“ECHO has been a most reliable supply chain partner, and their commitment to…

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