Founded in 1833, Lafarge is a French company located in 70 countries with a workforce of 71,000 people. The HBM deal was negotiated with Lafarge Mid-Atlantic headquartered in Herndon, Va.HBM Chairman and CEO Paul Mellott Jr. said Tuesday that the Warfordsburg-based company sees its divestiture as “an opportunity to grow.””We are one of the largest contract crushing companies in the country,” Mellott said. “Now we will concentrate on serving aggregate producers by selling and servicing crushing plants as well as on-site contract crushing.”According to HBM’s press release, “The Board of Directors and shareholders have determined that with Heritage representing approximately 25 percent of Mellott Companies’ revenue, the capital returned from a sale of those assets will be utilized to expand the contract crushing, distribution and real estate segments of the Mellott Companies with the remaining 200 employees.”H.B. Mellott Estate got its start in the aggregate industry in the late 1930s when construction of the Pennsylvania Turnpike created a demand for stone and other aggregates. Company founder H.B. Mellott took advantage of that opportunity and got into the quarry business. The company was incorporated in 1952, a few years after H.B. died in an airplane crash.In 1954 under the guidance of H.B.’s son Paul Mellott, a ready-mix concrete operation was opened at Warfordsburg. During the 1960s and ’70s, Paul and brother Forrest added four limestone quarries to their operation. The quarries produced a variety of products, including rip-rap, asphalt and ready mix concrete aggregates, crusher run and maintenace stone.Paul’s sons, Paul Jr., Herman and Brian, joined HBM in the mid-1970s and became very involved in the company’s newest venture: custom portable contract crushing operations, which has grown over the years to include 18 plants.HBM will remain in the portable crushing business, which employs 150 people, but the concrete business and quarries, which include, according to Mellott, Beaver Creek East and West, Rockdale, Hancock (all located in Maryland) and Warfordsburg, are no longer owned by the company that has owned and operated stone quarries for more than 60 years.Mellott Enterprises Inc. (MEI), Warfordsburg, a supplier of material handling and processing equipment founded in 1991, will remain family owned and operated.MEI employs 50 people.The Mellott family takes pride in its ability to adapt to changing industry conditions and meeting its customers’ needs efficiently. Friday’s press release said The Mellott Companies, HBM, MEI, Mid-West Equipment & Industrials Inc. and Orchard Business Park LP will continue to grow and invest in the future throughout its eastern market area: New York, New Jersey, Pennsylvania, Delaware, Maryland, West Virginia, Virginia, North and South Carolina, Georgia and Florida, as well as its Mid-West market in Ohio, Kentucky and Indiana. SOURCE: http://news.mywebpal.com
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