Callanan Industries on Friday purchased Albany Asphalt and Hudson River Construction Co.
Callanan Industries supplies paving materials and construction services in New York State. Terms of the deal were not released. Don Fane, Callanan’s president, said the former owners and the employees would join Callanan.
Last month, the Albany Port District Commission approved the takeover of Albany Asphalt’s lease at the port by Callanan. The lease has almost 18 years left to run. Albany Asphalt has been at the port since 1947.
Fane said Callanan would look at using the river to move its products. The port “is a great location,” he added.