Asphalt paving company Hardrives Inc. has acquired Lakeland-based Tower Asphalt Inc. for an undisclosed amount.
( Minnesota ) — The 40-year-old Tower Asphalt does similar work to Hardrives Inc. They had been competitors that bid on the same highway projects for counties and cities in the Twin Cities and for the Minnesota Department of Transportation.
Tower will continue to run plant and equipment maintenance in Lakeland.
But most management and administrative work will go to Hardrives’ headquarters in Rogers.