Aggregate Industries has acquired seven-plant Hardaway Concrete Company Inc. and three-plant Hardaway Concrete Company Upstate Inc. in Columbia and Greenville, S.C
Sources: Aggregate Industries Management, Rockville, Md.; CP staff
Aggregate Industries has acquired seven-plant Hardaway Concrete Company Inc. and three-plant Hardaway Concrete Company Upstate Inc. in Columbia and Greenville, S.C. The transaction includes an 82-mixer fleet and two mobile concrete plants. The businesses reported 2006 ready mixed deliveries in excess of 500,000 yd.
Hardaway’s Page Morris, president and co-CEO, and Channing Joye, treasurer and co-CEO, will provide management services to Aggregate Industries, which is also retaining the existing operations management team. The Columbia and Greenville businesses provide a footprint in attractive markets, notes Aggregate Industries UK-based Chief Executive Bill Bolsover, adding that Hardaway’s principals have instilled safety and environmental management practices that complement his company’s values.
The Hardaway properties are strategic to cement production and distribution assets of Aggregate Industries’ Swiss parent company, Holcim Ltd. Within South Carolina, Holcim (US) Inc. has a 2.2 million-tpy plant in Holly Hill, plus Georgetown (coastal) and (Greenville-neighboring) Spartanburg terminals. Similar integration potential with Holcim properties in Chicago drove Aggregate Industries’ summer 2006 acquisition of Meyer Material Co., a key ready mixed and aggregate producer serving northeastern Illinois and southeastern Wisconsin. The Meyer and Hardaway deals have propelled Aggregate Industries toward 7 million yd. annual ready mixed output.