Company Expansion In South Florida Continues
Adonel Concrete, South Florida’s largest independently owned concrete company, has announced the acquisition of two manufacturing concrete plants in West Palm Beach from U.S. Holdings, Inc. The purchase price was $3.2 million.
This is the second major acquisition in four months for the Miami-based concrete company which previously had acquired 2.5 acres of land to build a second concrete plant in northeast Broward County. In 2012, Adonel acquired the assets of Fort Lauderdale-based Modern Concrete Products, Inc. to add its first Broward County location.
The two newly acquired West Palm Beach plants, which total 11.5 acres and nearly 19,000 square feet of office and warehouse space, are located at 1926 Skees Road. An additional 40 employees and a fleet of 30 trucks will be based at the plants. They will be able to produce 3,000 cubic yards of concrete per day.
“These new plants will enable us to better meet the demands of our customers in the growing areas of downtown, east and north Palm Beach County,” said Luis Garcia, president of Adonel. “Our expansion will help us to grow our customer base as the economy continues to improve.”
Adonel Concrete was founded in 1984 and currently maintains 12 plants in Miami, Fort Lauderdale, West Palm Beach and Fort Pierce. In 2010, Adonel expanded its operations to Haiti to help rebuild damaged areas. The company now operates three plants in Haiti and is supplying concrete for a number of projects in Port-au-Prince. Adonel has more than 250 employees and a fleet of 150 trucks.