Pennsy Supply, Inc. Acquires Delaware-Based Pioneer Concrete
Mid-Atlantic Group of Companies expands resources, facilities to meet growing customer demand
HARRISBURG, Pa. (April 25, 2006) -
Pennsy Supply, Inc. of the Mid-Atlantic Group of Companies of Oldcastle Materials, announced today that it has acquired Pioneer Concrete, Inc. of Wilmington, Del. Oldcastle Materials, Inc. is the leading vertical integrated supplier of aggregates, asphalt, ready-mix concrete and paving services in the United States and is one of four divisions of CRH plc, the international building materials group. Oldcastle’s Mid-Atlantic Group includes Pennsy Supply of Harrisburg, Pa., Slusser Brothers, based in Hazleton, Pa., and Tilcon-Delaware of Dover, Del.
“The acquisition of Pioneer Concrete expands the Mid-Atlantic Group’s infrastructure and resources to help meet increased demand from our rapidly growing customer base throughout the mid-Atlantic region,” said Randy Lake, president, Mid-Atlantic Group, Oldcastle Materials. “As northern Delaware’s leading ready-mix concrete producer, Pioneer will enable the Mid-Atlantic Group to better serve customers in the northern Delaware and southeast Pennsylvania markets.”
“Oldcastle Materials enjoys an enviable reputation in the industry for quality and excellence, as well its commitment to safety and the welfare of its employees,” said Michael Petrillo, general manager, Pioneer Concrete. “We chose to join Oldcastle because its values and corporate philosophy were right in line with our own when it comes to the value and regard it places on employees and its relationships with customers.”
Pioneer Concrete was established in 1993 by brothers Michael and Bill Petrillo, fourth-generation concrete producers. The company includes four state-of-the-art concrete plants strategically located in Wilmington, Bear and Dover, Del., as well as Avondale, Pa. The 120-employee company provides ready-mix concrete and concrete pumping services for residential, industrial, highway and commercial contractors throughout Delaware, Maryland and Pennsylvania.
“Consolidation is definitely the wave of the future in our industry as resources become scarcer and regulatory compliance, skilled labor and technology become more expensive. The multi-nationals have a big advantage over smaller companies,” said Petrillo. “By joining Oldcastle’s Mid-Atlantic Group, we’ll be able to provide regional customers with the advantages of financial strength, best practices and purchasing power of a larger company, while positioning Pioneer for future growth. The sky’s the limit with Oldcastle.”
As with all companies in the Oldcastle federation, Pioneer Concrete will retain its brand, local identity and some autonomy as it joins the Mid-Atlantic Group. Former owners Michael and Bill Petrillo remain with the company as general manager and operations manager, respectively, and all current employees are being retained as well.
“Pioneer Concrete is a young company that has had phenomenal success in its market,” said Lake. “It is a great complement to the Mid-Atlantic Group’s existing companies as we strive to provide customers with the highest quality service and products.”
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