Hanson Pursues Tennessee Precast Market With AcquisitionUK-based Hanson Building Products, whose U.S. headquarters is in Dallas, expects to strengthen its position in the pre-cast structure market with its acquisition of Lenoir City, Tennessee-based East Tennessee Precast.
Joan Blecha, Hanson’s president for the southeast region, told PBF the acquisition allows Hanson to operate in a growing geographic market while overcoming challenges associated with different kinds of regional pre-cast.
“They pour product we don’t pour,” Blecha said. “And there’s always a different process in doing that, but it’s a really nice blend because they’re in the market and we’ll be able to bring product to them that they’ve not produced in the past.”
Key to the deal for Hanson, Blecha said, was the knowledge of the local employees in working with the local market and Tennessee regulations pertaining to the make-up of pre-cast in the state.
Lenoir City is 25 miles west of Knoxville, where East Tennessee Precast began building sanitary sewer and stormwater precast structures in 1998.
Nearly 50 East Tennessee Precast employees will become Hanson employees and will also have opportunities for further training and advancement.
The East Tennessee Precast facility will be part of Hanson's Southeast region, headquartered in Green Cove Springs, Fla., servicing Alabama, Florida, Georgia, Mississippi, South Carolina and Tennessee. More than 30 facilities throughout the Southeast region produce several products, including those used for community and roadway development such as reinforced concrete pipe, drainage structures, modular bridges and other precast concrete product.