A. Lee Graham
Burnco Rock Products Ltd., a Canada-based concrete producer, has acquired the business assets of Gateway Concrete Inc. of Justin just north of Fort Worth.
The deal marks Burnco’s first acquisition of an American company, which will
be known as Burnco Texas LLC.
“We are excited about becoming a bi-national company,” said Burnco CEO Scott Burns in a news release.
“We are very pleased to be conducting business in the United States,” Burns said.
Michael Powell, Burnco president, said the company had been researching Texas for some time before narrowing its focus to Gateway.
“We were highly impressed with the growth vector they were on,” Powell said.
Founded in 2005, Gateway Concrete is a ready-mix concrete supplier for homebuilders and commercial contractors serving the Dallas-Fort Worth area.
Dale Jordan, a former Gateway owner who will continue serving the company as sales manager, lauded the deal.
“This is another step forward for Gateway,” Jordan said. “I look forward to working with Burnco to help them grow in the U.S. The way they do things and the way we do things are very similar. It is a great fit.”
All Gateway employees have been offered employment with Burnco Texas LLC and are expected to remain with the company. In the near term, the company will continue to operate under the name Gateway Concrete.
Although operations will be overseen from Canada, Powell said the company will remain in Texan.
“This is a Texas organization, run by Texans and supplying Texans,” Powell said.
Burnco Rock Products Ltd. is a fourth-generation family business established in Calgary in 1912 by James F. Burns. It employs more than 1,100 men and women and is the largest independent supplier of ready-mix concrete in Canada. More information is available at www.burnco.com.