Volvo Construction Equipment (Volvo CE) has announced that the company has signed an agreement to divest the North American Blaw-Knox paver business and associated assets to asphalt equipment manufacturer Gencor Industries.
Gencor Industries is a leading manufacturer in North America of asphalt plants, soil remediation plants, combustion systems, and heat transfer systems to the road and highway construction industry.
The Blaw-Knox business and associated assets will be transferred to Gencor, including the manufacturing production line currently located in Shippensburg Pennsylvania, US.
The deal, which is expected to be finalised 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 has announced that it will continue marketing and servicing the Blaw-Knox paver line through selected Volvo CE dealers in North America.
“Gencor is a strong player to take on the Blaw-Knox paver range, as it has 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.”
The Blaw-Knox brand dates back to 1917 when Blaw Collapsible Steel Centering Company merged with the Knox Pressed and Welded Steel Company. The firm made its first road paving equipment in 1929.
Marc G. Elliott, President & Director of Gencor Industries, added, “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. We are committed to the long-term growth and development of the Blaw-Knox brand.”