Rogers Group, the nation's largest privately held crushed stone producer and active in highway construction and related products, has completed an asset swap with Hanson Building Materials America, exchanging quarry and asphalt operations assets in Ohio, Kentucky and Tennessee. The transaction was completed Saturday, December 2.
Rogers Group gains three quarries and two asphalt plants in the Western Kentucky communities of Marion, Princeton and Canton, and three quarries in Southeast and East Middle Tennessee's Murfreesboro, McMinnville and Shelbyville communities from Hanson. In exchange, Hanson received Rogers' Ohio operations, a quarry in Sandusky and three distribution facilities in Akron, Massillon and Macedonia.
"For almost 50 years, Rogers' Sandusky Crushed Stone and our distribution yards have been a source of great pride for Rogers Group. We have provided excellent service and quality products to our Northern Ohio customers," said Don Williamson, Rogers Group's President and CEO. "As we looked to the future, we concluded that our Northern Ohio employees and customers would be better served by a company with more assets in Ohio. In turn, the operations we received from Hanson expand our market positions in Kentucky and Tennessee."
Rogers Group, with corporate headquarters in Nashville, Tennessee, employs 1900 people in five states. The growing 92 year old construction products company provides crushed stone, sand and gravel, asphalt, highway construction, and concrete masonry. Annual sales are in excess of $300,000,000.
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