August 2007
Aggregate Industries acquires Hardaway
Concrete
Aggregate Industries announces that it has
completed the acquisition of the entire issued capital of Hardaway
Concrete Company Inc. and Hardaway Concrete Company Upstate Inc.
The Hardaway companies are leading suppliers of ready mixed
concrete for residential, commercial, transportation and speciality
construction projects in the highly attractive Columbia and
Greenville, South Carolina markets.
Founded in 1948 with the acquisition of one
plant in Columbia, Hardaway has built a strong reputation for
on-time distribution and high performance concrete. The business
now operates ten strategically well placed ready mixed concrete
facilities, seven in Columbia and three in Greenville, with a
delivery fleet of 82 active mixer trucks and employs over 170
people. It also has two mobile plants which can be assembled
on-site to serve large projects outside the business’s primary
markets. In 2006 the business supplied over 500,000 cubic yards of
ready mixed concrete.
Page Morris, President and Co-CEO and Channing
Joye, Treasurer and also Co-CEO have agreed to continue to provide
management services to the business following completion. The
business will continue to be managed by the existing management
team.
Bill Bolsover, Chief Executive of Aggregate
Industries, said: “I am delighted that we have been given the
opportunity to acquire the Hardaway businesses. They are very well
managed and operated and provide us with a footprint in a very
attractive market in South Carolina that we are not currently
active in. The values that Page and Channing have instilled in the
business, particularly in areas such as safety and environmental
management, complement the values of Aggregate Industries and I am
very pleased that they will continue to have an involvement in the
business.”