Fabcon purchases concrete manufacturing sites; Acquired plants add capacity, strengthen presence in Northeast quadrant of U.S.MINNEAPOLIS--(BUSINESS WIRE)--May 1, 1995--Fabcon announced today it has completed the purchase of two American Precast Concrete precast concrete Concrete cast into structural members under factory conditions and then brought to the building site. A 20th-century development, precasting increases the strength and finish durability of the member and decreases time and construction costs. manufacturing facilities located in Columbus, Ohio Columbus is the capital and the largest city of the American state of Ohio. Named for explorer Christopher Columbus, the city was founded in 1812 at the confluence of the Scioto and Olentangy rivers, and assumed the functions of state capital in 1816. and Westfield, Ind., from The Somerset Group of Indianapolis. The two plants have been licensees of Fabcon under the SpanDeck name since 1985. The plants will enable Fabcon to better serve its growing customer base throughout the Northeast quadrant of the U.S., according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. David W. Hanson, Fabcon's chairman. "We are doing projects throughout Indiana, Ohio, Michigan, Pennsylvania, Kentucky and New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , so these plants are a natural purchase for us," Hanson said. "We have assigned four sales representatives to handle the increased business in the area," Hanson added. The Indiana and Ohio facilities, like Fabcon's Minnesota plant, presently utilize rolling casting beds. Fabcon is modernizing the two plants, adding additional rolling beds and equipment. According to Hanson, the planned improvements should dramatically increase capacity by the fall of 1995. "We should see capacity increase by approximately 50 percent within a year," Hanson said. Current projects in the area include Meijer, Menards, Tops and Electric Avenue stores, distribution facilities for FedEx, Lowe's and OTP (1) (One Time Programmable) Refers to programming content or logic into chips such as EPROMs and EEPROMs, which cannot be reversed. See antifuse. (2) (One Time P , and a number of industrial, commercial and recreation facilities. Fabcon is a privately owned manufacturer of prestressed concrete prestressed concrete Concrete reinforced by either pretensioning or posttensioning, allowing it to carry a greater load or span a greater distance than ordinary reinforced concrete. In pretensioning, lengths of steel wire or cables are laid in the empty mold and stretched. wall panels for the commercial, retail and industrial markets. CONTACT: Fabcon Inc. Gary Janisch, 612/890-4444 or Mona Meyer McGrath & Gavin Joe Deckenbach, 612/832-5000 |
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