Luck Stone makes acquisitions in Southeast
- November 15, 2018
Luck Stone has expanded its footprint in the Southeastern U.S. through two new acquisitions. Financial terms of the deal were not disclosed.
Luck Stone is the Goochland County-based crushed stone division of Luck Cos.
The company purchased Stephens Industries in Atlanta and Willow Oak Quarry in Kershaw County, S.C.
As a result of the company’s expanded geographic footprint, Luck Stone announced the creation of a new Southeast Region within their business. Joe Carnahan, general manager at Luck Stone, was named regional vice president of the Southeast Region.
The acquisition of Stephens Industries is the largest acquisition in Luck Stone’s 95-year history. A family-owned business located near Hartsfield-Jackson International Airport in Atlanta, Stephens Industries was founded 18 years ago by John D. Stephens.
The company has been rebranded Luck Stone Atlanta-Stephens Plant. It owns a large stone quarry and plant facility and a construction and demolition line of business that recycle waste building materials.
The Willow Oak facility in Kershaw County, S.C., specializes in excavating stone, assessing its durability and finishing it to a specific size or shape.
It is now known as the Luck Stone Kershaw Plant.