Rogers Group, a fourth-generation company based in Nashville, Tenn., purchased Greer, N.C.-based Ashmore Bros., an asphalt company that also offers mobile crushing and screening services, reports Greer Today. The sale price was not disclosed.
According to Greer Today, Mark Ashmore, president of Ashmore Bros., made the announcement at the company’s annual picnic.
“We’re a third-generation company and we really didn’t have all the people and family in place to go to a fourth generation,” Ashmore says. “With that being said, you better go out on top of your game than the bottom.”
Rogers Group human resources director met with Ashmore employees in late August to discuss the one-year transition that will now take place. Dave Rechter, division vice president, and Greer, plant manager, for the Rogers Group, says the two companies align well with each other.
“When we first approached one another, their core values, in regards to safety, employees and their involvement within the communities they serve, is very much in alignment with our core values at Rogers,” Rechter says.
The purchase allows Rogers Group to expand into North Carolina. According to Greer Today, the sale connects Rechter’s territory that also includes North Carolina and Virginia.
“This is a natural progression for us,” Rechter says. “It’s a good state for us to expand into, especially the greater Greenville market. There’s a lot going on now.”
Rogers Group employs about 1,600 people and operates 70 crushed stone and asphalt plants in Alabama, Arkansas, Indiana, Kentucky North Carolina, Ohio and Tennessee. Ashmore’s three asphalt plants will give Rogers Group a total of 43 asphalt plants throughout nine states.
