LoJac deal brings Alley-Cassetty masonry production, distribution assets

Source: Alley-Cassetty Companies Inc., Nashville; CP staf

One of largest independent and family owned masonry distributors in the U.S., Alley-Cassetty Cos., entered a purchase agreement late last year to acquire the block, brick and stone assets of LoJac Materials, Inc., serving the middle Tennessee market from three locations. Projected to close this month, the transaction will expand its reach to 14 Southeast locations.

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Basalite raises Rocky Mountain market stake in General Shale asset deal

Sources: Basalite Building Products LLC, Roseville, Calif.; CP staff

Basalite has acquired Colorado Springs, Colo., and Cheyenne, Wyo., concrete block production assets—plus a retail showroom adjacent to the latter site—from Tennessee-based General Shale, best known for leadership in clay masonry. The deal extends the Rocky Mountain market presence of Basalite, which has concrete masonry production in Boise, Idaho, and Denver.

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Florida block makers open their wallets for voluntary, check-off-modeled fund

Sources: Florida Concrete Masonry Education Council Inc., Orlando; CP staff

Independent and major operators representing 60–70 percent of the Sunshine State’s concrete masonry production capacity assembled earlier this month to sign a commitment, effective April 1, to contribute 1 cent per concrete block sold to support the Florida Concrete Masonry Education Council (FCMEC).

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A.A. Robbins deal broadens R.I. Lampus footprint in Keystone State

Source: Trib Total Media, Pittsburgh Springdale, Pa.-based R.I. Lampus Co. has strengthened its leading stake in western Pennsylvania concrete block and hardscape unit production, acquiring A.A. Robbins Co. of Cambridge Springs. The buyout of retiring owner Denny Robbins adds a Crawford County plant to Lampus’ Allegheny, Beaver, Erie and Lawrence county sites, and dovetails a recent brick distribution and retail showroom expansion.

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Pennecon Concrete Division Seeds Newcrete Investments

Backed by Toronto private equity operator Banyan Capital Partners, Pennecon Ltd. Chief Executive Officer Larry Puddister has led a management team buyout of the company’s ready mixed, precast and concrete block & paver business—serving markets in the far eastern reaches of North America.

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Pennecon concrete division sale seeds Newfoundland’s Newcrete Investments LP

Sources: Banyan Capital Partners, Toronto; CP staff

Backed by private equity operator Banyan Capital, Pennecon Ltd. Chief Executive Officer Larry Puddister has led a management team buyout of the company’s ready mixed, precast and concrete block & paver business—serving markets in the far eastern reaches of North America.

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Commanding a New Era

David Pitre is 2014-15 Chairman of the Interlocking Concrete Pavement Institute
David Pitre is 2014-15 Chairman of the Interlocking Concrete Pavement Institute

The Interlocking Concrete Pavement Institute accomplished a great amount in 2013, which seemed fitting as it entered a new era as this year marks ICPI’s 20th anniversary. Convening in New Orleans in late March for the 2014 Annual Meeting and anniversary observance, David Pitre, director of Engineering Products for Pavestone Co., opened the general session and began his two-year term as chairman at the close of the meeting.

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