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.

“Along with well-cultivated customer relationships, LoJac Materials delivers a proven track record of quality masonry products and services as well as distribution channels that are complementary to Alley-Cassetty,” says CEO Sam Strang. “The acquisition also allows Alley-Cassetty to increase our Southeast footprint with additional locations in middle Tennessee.”

Alley-Cassetty is acquiring LoJac’s concrete block operations in Lebanon and in Dickson, as well as a yard in Cookeville. Combined with its existing facilities in Gallatin and Murfreesboro, Tenn., the expanded footprint will boost production efficiency and raise annual capacity to more than 12 million block.

“It’s important that we identify ways to improve efficiencies in manufacturing and distribution to meet the increased demand in the marketplace,” adds Strang. “This deal not only does that, but also enhances our mission of delivering high-quality products and services to our customers.”

“This is a natural progression of the Blockworks joint venture that Alley-Cassetty and LoJac entered into three years ago,” notes LoJac Holdings Corporation Inc. CEO J.D. Lowery. “It combines the retail and delivery side of both block and brick for greater efficiencies and customer service.”