Rock Products

DEC 2018

Rock Products is the aggregates industry's leading source for market analysis and technology solutions, delivering critical content focusing on aggregates-processing equipment; operational efficiencies; management best practices; comprehensive market

Issue link: https://rock.epubxp.com/i/1056728

Contents of this Issue

Navigation

Page 21 of 99

20 • ROCKproducts • December 2018 www.rockproducts.com I N D U S T RY N E W S IN THE KNOW many years of growing alongside this vibrant, pro-business state as a result of our heightened presence in the dynamic Atlanta area." The transaction with Stephens Indus- tries, completed in early October, represents the largest acquisition in Luck Stone's 95-year history. In addition to having a large stone quarry and plant facility, Stephens Industries, now rebranded as the Luck Stone Atlanta-Stephens Plant, also operates a sizable construction and demolition (C&D) line of business that recycles waste building materials from construction, remodeling and repair projects as well as rubble from demoli- tion of pavements, houses, commercial buildings and other structures. "Luck Stone has an excellent reputation in the mining and aggregates industry and we really wanted to engage with a family-run business like ours," said John D. Stephens, CEO of Stephens Industries. "During the discussions about an acquisition, my family was very impressed with Luck Stone's values-based culture, their passion for innovation, their pledge to deliver the highest quality customer service and their deep commitment to invest in their associates as well as the com- munities where they conduct business. I am confident that our company is in good hands and is well-positioned for a bright future with Luck Stone." The Willow Oak facility in Kershaw County, S.C., was added to the Luck Stone portfolio in June. Formerly a dimensional stone quarry and one of the few privately-held granite quar- ries in the state, the plant specialized in excavating stone, assessing its dura- bility and finishing it to a specific size or shape. As the Luck Stone Kershaw Plant, the site offers a much more robust inventory of state-approved crushed stone options through a part- nership with Mellott Company. Tom Rowland, CEO of Willow Oak, a subsidiary of American Timberlands Company, commented that Luck Stone's revitalization of the quarry has ener- gized productivity at the site. "The value that Luck Stone has added to enhance capabilities that better serve our cus- tomers is beyond measure," he said. "As a resident of South Carolina, I'm pleased to welcome a thriving company that is equipped to support the rapid growth of our state," he added. According to John LeGore, president of Luck Stone, the magnitude of these acquisitions has opened up new revenue streams for the company, particularly the C&D operations at the Atlanta-Ste- phens location. "It is very exciting to combine the strengths of Luck Stone with these established businesses and their talented teams," he said. LeGore reiterated that Luck Stone's acquisition of both Willow Oak and Ste- phens Industries matched up well with the company's mission and goals for growth. "We're proud to continue the respective legacies of Stephens Indus- tries and Willow Oak as privately-held businesses. They have provided a solid foundation for continued expansion in the Southeast Region, enabling Luck Stone to create opportunities that will ignite the potential in our associates and support new customers and com- munities for decades to come." WWW.ROCKPRODUCTS.COM Leading the Industry for More than 120 Years Visit Rock Products online for newsletters, subscription information and more!

Articles in this issue

Links on this page

Archives of this issue

view archives of Rock Products - DEC 2018