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Pennsy Supply acquires Delaware company

May 12, 2006//

Pennsy Supply acquires Delaware company

May 12, 2006//

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Pennsy Supply Inc. acquired Pioneer Concrete Inc. of Wilmington, Del. Pennsy Supply, based in Harrisburg, is part of a group of companies serving the Mid-Atlantic region and operating under the name Oldcastle Materials Inc. The acquisition will help Oldcastle, which provides aggregate, asphalt, concrete and paving services, meet increased demand from its Mid-Atlantic customers, according to a company statement. Pioneer Concrete will retain its brand, local identity and some autonomy. Brothers and former owners Michael and Bill Petrillo will remain with the company as general manager and operations manager, respectively. All current employees are being retained, according to the statement. Terms of the deal were not disclosed.