SOURCE: Wells Concrete

Wells Concrete

November 04, 2014 10:00 ET

Wells Concrete Acquires Hanson Structural Precast

The Minnesota-Based Company Acquires Hanson's Maple Grove Facilities

ALBANY, MN--(Marketwired - Nov 4, 2014) - Wells Concrete announced today that effective November 1, the company has acquired the Maple Grove office and production facilities of Hanson Structural Precast. The combined organization strengthens the company's presence in the Minneapolis-St. Paul area and will enable it to offer a more complete and competitive product offering.

"Hanson Structural Precast fulfills new product and schedule flexibility opportunities for Wells Concrete," said Dan Juntunen, president and CEO of Wells Concrete. "Hanson brings a team of highly experienced professionals, a resume including major stadiums and high rise office and housing projects and an outstanding safety record that will contribute to making Wells Concrete a stronger and more competitive organization in the marketplace."

Wells Concrete will be relocating its Golden Valley sales, engineering and construction services office to the Maple Grove Hanson Structural Precast location to streamline business processes. The combined office will operate under the Wells Concrete name. At this time, there are no plans to eliminate any positions.

Hanson Structural Precast is a division of Hanson Building Products North America, a leading supplier of precast products to the upper Midwest and western United States. Hanson Building Products North America and its divisions are part of Lehigh Hanson. Lehigh Hanson is a member of the Heidelberg Cement Group, the global leader in aggregates with leading positions in cement, concrete and heavy building materials.

Terms of the acquisition were not disclosed.

About Wells Concrete

Founded in 1951 in Wells Minnesota, Wells Concrete is an architectural and structural precast concrete company featuring in house design, detailing, production and erection. The company operates in the upper Midwest serving markets in commercial, education, food processing, health care, manufacturing, municipal, office, parking ramps and stadiums and arenas. Wells Concrete employs more than 850 people in seven offices and four plants throughout Minnesota, North Dakota, Iowa and Manitoba, Canada. For more information visit www.wellsconcrete.com.

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