According to a report in the Roanoke Times, Boxley Materials will sell its West Virginia cluster of facilities and is considering the sale of the company as well.
Ab Boxley, president and CEO of the family-owned business, told the paper that Boxley Materials has a contract to sell its West Virginia quarries, concrete plants and a trucking company to Oldcastle Materials. Boxley said he expects the deal will close toward the end of the year.
And he confirmed that Boxley Materials, which operates crushed stone, concrete, asphalt and other construction-materials facilities, has been contacted by companies interested in buying Boxley’s remaining assets.
“We have had some significant interest in the business as a whole,” Boxley said, while declining to name specifics.
He said any offers received will be judged by key criteria: that the sale will benefit the owners of Boxley Materials, that any such deal will provide opportunities for Boxley’s current employees, and that any buyer would offer good things for the region.
Boxley was established in Roanoke, Va., in 1906.