Gencor to acquire Blaw-Knox paver business
Volvo Construction Equipment to divest North American paver business to Gencor Industries
VOLVO Construction Equipment (Volvo CE) have signed an agreement to divest their North American Blaw-Knox paver business and associated assets to leading asphalt equipment manufacturers Gencor Industries (Gencor).
The Blaw-Knox business and associated assets shifting to Gencor include the transfer of the manufacturing production line currently located in Shippensburg, Pennsylvania.
Gencor plan to continue the manufacturing the Blaw-Knox paver line in south-central Pennsylvania and will move to a location in Letterkenny Township.
The deal, which is expected to be finalized in the fourth quarter of 2020, will allow Gencor to manufacture and develop Volvo CE’s current North American paver product line and market it under the Blaw-Knox brand.
Gencor will continue to market and service the paver line through selected Volvo CE dealers in North America.
The Blaw-Knox brand dates back over a century when, in 1917, Blaw Collapsible Steel Centering Co. merged with the Knox Pressed and Welded Steel Co.
The firm made its first road-paving equipment in 1929 and the brand has since gone on to build an enviable reputation in the paving segment in North America.
‘Gencor is a strong player to take on the Blaw-Knox paver range, as they have extensive expertise in the asphalt industry and a good reputation for quality and customer success,’ commented Melker Jernberg, president of Volvo CE.
‘We see this agreement as being a win-win for us and Gencor. It maintains a valuable product offer to Volvo CE customers, as well as securing dealer distribution and servicing of Blaw-Knox-branded paver products in North America.’
Marc G. Elliott, president and director of Gencor Industries, said: ‘With our already strong position in the asphalt industry, this acquisition will afford Gencor access to the venerable brand of Blaw-Knox, and provide an entry into the hot-mix paver segment.’