Hanson Paver has purchased the stock of Navastone, a concrete paver and segmental retaining wall unit supplier with Cambridge, Ont., and Cement City, Mich., operations, plus Morris, Ill., and York, Pa., distribution yards
Sources: Hanson Paver Products Inc., Dallas; CP staff
Hanson Paver has purchased the stock of Navastone, a concrete paver and segmental retaining wall unit supplier with Cambridge, Ont., and Cement City, Mich., operations, plus Morris, Ill., and York, Pa., distribution yards. The business affords immediate access to Northeast and Midwest markets, including Chicago, notes Hanson Paver President Rick Chatellier, while extending the company’s greater Toronto market reach.
“The Navastone acquisition along with Hanson’s Pipe, Precast and Brick operations, will enable us to supply a full range of building products to the construction industry in Canada,” adds Hanson Building Products North America CEO Richard Manning.
The Ontario and Michigan facilities will double Hanson Paver’s production capacity in the Great Lakes area, where it gained a foothold in June by acquiring Toronto Vault and Concrete Products Limited, whose two plants and four distribution yards operated as Perma Paving Stone Co. Those and the Navastone properties are now part of Florida-based Hanson Paver Products. Navastone was founded in 1969 as a paving slab producer, B&B Concrete. The Navastone brand was adopted in 2002 to represent the company’s value-added, higher-margin product focus.