Hanson Paver Products Inc., a division of Hanson Building Products North America, has purchased the stock of Navastone, a leading supplier of concrete pavers and retaining wall products in Canada and the United States.
Mergers and Acquisitions
DALLAS
Hanson Paver Products Inc., a division of Hanson Building Products North America, has purchased the stock of Navastone, a leading supplier of concrete pavers and retaining wall products in Canada and the United States.
The acquisition includes manufacturing and distribution facilities in Cambridge, Ont. and Cement City, Mich. and distribution centers in Morris, Ill. and York, Pa.
“By joining with Navastone, Hanson gains immediate access into the Midwest and northeast markets and extends its reach into the Greater Toronto Area market,” said Rick Chatellier, president of Hanson Paver Products. “This move also enables Hanson to expand its product offering and service to the greater Chicago area’s paver market.”
Navastone will become part of Hanson Paver Products Inc., which has five locations in Florida and four in the Greater Toronto Area.
Richard Manning, Hanson Building Products North America’s president and CEO, said the Navastone acquisition along with Hanson’s Pipe, Precast and Brick operations will enable the company to supply a full range of building products to the construction industry in Canada.
Hanson has some 7,400 employees in 140 locations around North America
DCN NEWS SERVICES
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