Crushed stone producer Luck Stone has acquired Ararat Rock Products in a move which expands its presence in North Carolina beyond its quarry operation in Pittsboro.
Lucknow owns Ararats’ quarries in Mount Airy and Eden.
CEO Charlie Luck says: “The acquisition of Ararat Rock Products is incredibly meaningful to our organisation as it represents tremendous growth opportunities for many, including our associates, customers and these great communities we are joining. In addition to broadening the reach of our mission and values culture, we look forward to learning from talented new team members, strengthening our operational excellence and ensuring sustainable success for our company’s growing footprint in the Southeastern US.”
Ararat has remained a family-owned business since it was founded in 1955 by “Big Jim” Crossingham. Third-generation family member James Crossingham has most recently led the company.
In 2018, Luck Stone grew significantly in the Southeast through the acquisition of Willow Oak in Kershaw, South Carolina and Stephens Industries in Atlanta, Georgia. Currently, Luck Stone’s Kershaw Plant and Atlanta-Stephens Plant are in their third year in business and have aided the company’s growth effort in the Southeast.
John Pullen, chief growth officer at Luck Companies, says: “With a favourable business climate and one of the fastest economic growth rates in the country, North Carolina is an important geography for Luck Stone.”
“We see great opportunity to continue supporting infrastructure growth by investing in associates, customers, and communities across North Carolina for the long term,” Pullen continues.
“Building on our recent growth momentum in South Carolina and Georgia, this exciting expansion in North Carolina is in direct alignment with our people-focused growth strategy, which drives us to pursue opportunities that allow us to make a positive impact on people and in communities where we conduct business.”
