Fred Weber Inc. Maryland Heights, Mo., has acquired the asphalt business of Pace Construction in the St. Louis area, nearly doubling the asphalt portion of Fred Weber’s business and growing the company’s revenues significantly.
“The acquisition of Pace’s regional asphalt business strengthens our ability to supply the highest quality materials for projects from driveways to interstate highways to airports. More important, it furthers a great year for Fred Weber,” said Douglas K. Weible, chairman and CEO.
Weible noted that Pace has been an important construction materials customer of Fred Weber for many years and will continue to be an important customer.
Rogers Group, based in Nashville, acquired Ashmore Bros in Greer, Tenn., for an undisclosed sum. Dave Rechter, Rogers divisional vice president, said the company matched up well with the Ashmore business.
“When we first approached one another their core values, in regards to safety, employees and their involvement within the communities they serve, is very much in alignment with our core values at Rogers,” Rechter told Greer.com.
Rechter said the Rogers Group identified South Carolina as a state it wanted to be in. The sale connects Rechter’s territory that also includes North Carolina and Virginia. Ashmore’s three asphalt plants will give the Rogers Group 43 plants spread across nine states.
“This is a natural progression for us,” Rechter said. “It’s a good state for us to expand into, especially the greater Greenville market. There’s a lot going on now.”
Glenn O. Hawbaker Inc., of State College, Pa., recently acquired New Enterprise Stone & Lime Co.’s Naginey Operations, an aggregate quarry and hot mix asphalt plant, in Milroy, Pa. The quarry has been in continuous operation since 1913.
“We’re pleased to make this addition to the assets that we have in Mifflin and Centre Counties,” Hawbaker President Dan Hawbaker said. “It expands our opportunity to serve our customers with quality aggregate and asphalt materials.”
In the same location, Hawbaker will continue to serve the asphalt paving market by producing paving materials for private property owners and the Pennsylvania Department of Transportation projects