Pennsy Supply, Inc. of the Mid-Atlantic Group of Companies of Oldcastle Materials, announced today that it has acquired McMinn’s, Inc. of Lancaster, Pa. The McMinn’s group of companies includes: McMinn’s Asphalt, Lancaster Ready-Mix Concrete, Binkley & Ober, and Prospect Aggregates & Concrete. The new group joins current Mid-Atlantic Group companies: Pennsy Supply, based in Harrisburg, Pa., Slusser Brothers, in Hazleton, Pa., Tilcon-Delaware in Dover, Del, and Pioneer Concrete in Wilmington, Del.

“The acquisition of the McMinn’s group of companies expands the Mid-Atlantic Group’s infrastructure and resources to help meet increased demand from our rapidly growing customer base,” said Randy Lake, president, Mid-Atlantic Division, Oldcastle Materials. “As a top construction materials supplier, the McMinn’s group enables the Mid-Atlantic Group to better serve customers in Lancaster and the southeastern Pennsylvania markets, providing total coverage for customers throughout the mid-Atlantic region of Pennsylvania, Maryland and Delaware.

“Oldcastle Materials enjoys an enviable reputation in the industry for quality and excellence, as well its commitment to safety and the welfare of its employees,” said Jeff Sweigart, general manager, McMinn’s Asphalt. “We chose to join Oldcastle because its values and corporate philosophy were right in line with our own when it comes to the value and regard it places on employees and its relationships with customers.”

McMinn’s Asphalt, established in 1933, today generates $80 million in annual revenue. The McMinn’s group of companies includes five asphalt plants, four concrete plants, two aggregate quarries and two block plants. The 375-employee company provides aggregate, asphalt, concrete and block, as well as paving and bridge construction services to customers throughout Lancaster County and into surrounding counties.

“The days of the mom and pop’s are coming to a close; consolidation is definitely the wave of the future in our industry as resources become scarcer and regulatory compliance, skilled labor and technology become more expensive. The multi-nationals have a big advantage over smaller companies,” said Sweigart. “Going from number one in Lancaster to number one in the world is pretty awesome. By joining Oldcastle’s Mid-Atlantic Group, we’ll be able to provide regional customers with the advantages of financial strength, best practices and purchasing power of a larger company, while positioning McMinn’s for future growth.”

As with all companies in the Oldcastle federation, McMinn’s will retain its brand, local identity and some autonomy as it joins the Mid-Atlantic Group. Former owner Jeffrey Sweigart remains with the company as general manager and there are no plans to layoff any employees.

“McMinn’s is a top-quality company that has had solid success in its market,” said Lake. “It is a great complement to the Mid-Atlantic Group’s existing companies as we strive to provide customers with the highest quality service and products.”

The Mid-Atlantic Group of Oldcastle Materials, Inc. is one of the leading suppliers of aggregate, asphalt, concrete and paving services throughout the mid-Atlantic region. It is led by Harrisburg, Pa.-based Pennsy Supply and includes Slusser Brothers of Hazleton, Pa., McMinn’s Asphalt of Lancaster, Pa., Tilcon-Delaware of Dover, Del., and Pioneer Concrete of Wilmington, Del. Together, the Mid-Atlantic Group accounts for $380 million in annual revenue; more than 1,600 employees; and operates 13 aggregate quarries, four sand and gravel pits, 14 ready-mix concrete plants, 19 asphalt plants, two block plants and four rail stone depots across Pennsylvania, Delaware and Maryland.