Vulcan acquires Tennessee construction company

By |  January 9, 2017

Vulcan Materials Company, Birmingham, AL. (PRNewsFoto/Vulcan Materials Company)Vulcan Materials Co. acquired Lebanon, Tennessee-based LoJac Holdings Corp.’s asphalt, construction, safety and Monterey Sand operations, reports The (Nashville) Tennessean.

The transaction has not yet been completed, however, and the amount of the transaction has not been disclosed, the newspaper adds.

One of the reasons LoJac agreed to the transaction with Vulcan over other parties was because of an agreement to retain bout 300 employees in LoJac’s divisions, says Jack Lowery Sr., one of the company’s founders and current chairman.

According to The Tennessean, LoJac has been a prominent asphalt producer in middle Tennessee and contractor for site grading, asphalt and concrete paving.

“This acquisition provides us with a unique opportunity to grow our presence in downstream products and services to provide an improved portfolio of solutions to our customers in a vertically integrated market,” says Atisthan Roach, Vulcan Materials’ spokesman.

According to The Tennessean, certain owners of LoJac will continue their current management responsibilities with Vulcan. In addition, LoJac will continue to own and operate its other businesses with about 200 remaining employees at corporate offices in Lebanon.

This article is tagged with , , , and posted in News
Avatar photo

About the Author:

Allison Kral is the former senior digital media manager for North Coast Media (NCM). She completed her undergraduate degree at Ohio University where she received a Bachelor of Science in magazine journalism from the E.W. Scripps School of Journalism. She works across a number of digital platforms, which include creating e-newsletters, writing articles and posting across social media sites. She also creates content for NCM's Portable Plants magazine, GPS World magazine and Geospatial Solutions. Her understanding of the ever-changing digital media world allows her to quickly grasp what a target audience desires and create content that is appealing and relevant for any client across any platform.

Comments are closed