Hanson Paver Products Inc. has purchased the stock of Navastone, a paver and segmental retaining wall unit supplier with operations in Cambridge, Ont.,
Hanson Paver Products Inc. has purchased the stock of Navastone, a paver and segmental retaining wall unit supplier with operations in Cambridge, Ont., and Cement City, Mich., 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 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 with the acquisition of 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 B&B Concrete, producing concrete paving slabs. The Navastone brand was adopted in 2002 to represent the company’s new focus on value-added and high margin products.