Hanson Paver Products Inc. announced last month purchase of the stock of Toronto Vault and Concrete Products Limited, operating as Perma Paving Stone.
Hanson Paver Products Inc. announced last month purchase of the stock of Toronto Vault and Concrete Products Limited, operating as Perma Paving Stone. The deal includes two automated production facilities and four distribution centers, while expanding the buyer’s reach into Ontario, a market where sister Hanson Pipe & Products has built a strong position.
This acquisition will make Hanson one of the top producers of interlocking concrete pavers and retaining wall products in greater Toronto and increase our ability to service the U.S. market as well, says Hanson Building Products North America President and CEO Richard Manning.
Adds Hanson Paver President Rick Chatellier, This is Hanson Paver’s first acquisition outside of the United States. Perma Stone’s seasoned management and history of providing excellent service and products provide a great foundation for Toronto area expansion.
Perma Paving Stone Co. was founded in 1975 by the Acton family in Mississauga, Ontario. The company now will be part of Hanson Paver Products, which has locations in five Florida cities including Lehigh Acres, Haines City, Naples, Pompano Beach and Sarasota.