Luck Stone To Buy Massie Aggregate Center

By Amber Lester Saturday, September 11, 2010

Luck Stone Corporation announced Friday it intends to buy Williamsburg’s Jack L. Massie Aggregate Distribution Center.

The Massie family will retain a construction business located on the same Cokes Lane property, along with more than 100 employees working in the non-aggregate side of the business. Richmond-based Luck Stone will interview the current aggregate employees to determine if they will work for Luck Stone or remain with Massie. The sale is expected to close on Sept. 30.

“This acquisition adds significant capacity to our market presence on the Peninsula and is a great compliment to our two other distribution yards in the South Hampton Roads region,” said John Pullen, chief growth officer for Luck Stone Corporation and president of the construction aggregates division, in a press release.

Massie President Gary Massie said the company wants to concentrate on its core business of construction. “We recognize the value that Luck Stone can add to our aggregate customer base and are responding to our stone customer’s needs in the market,” he said. “With more than 85 years in the aggregate business, Luck Stone has the ability to provide a greater variety of products, expertise and quality management.”

Jack L. Massie Contractor is a privately held, family-run corporation founded in 1947. In addition to its construction business, Massie will also continue to operate its Mineral Resource Facility on Centerville Road and furnish their customers with topsoil, screened soil and fill material.

Luck Stone Corporation is also a private, family-owned aggregates supplier. It operates 17 crushed stone, sand, gravel and aggregate distribution yards in Virginia and North Carolina.