National Lime and Stone Co., manufacturer of crushed stone and sand for construction, has bought Lash Paving, of Martins Ferry, a family-owned asphalt producer and paving contractor.
Purchase terms were not disclosed. Lash Paving will become a wholly owned subsidiary of National Lime, and founder and owner, David Lash Jr., will assist the business as a consultant.
“Dave Lash has built his company into a highly successful business, and this transaction will provide National Lime and Stone with expanded capabilities to serve its customers in eastern Ohio,” said Carleton P. Palmer III, chief executive officer of National Lime and Stone. “We welcome the Lash Paving employees to our team. They will be essential to our combined company’s continued success.”
Lash Paving operates three asphalt plants located in Martins Ferry, Cadiz and Empire, all in eastern Ohio. The company designs and produces asphalt for commercial, municipal and state projects as well as private in-plant pickup. Its capabilities include river aggregate transfer, milling, paving, asphalt production, light excavation/piping and trucking.
In addition, National Lime and Stone announced that Brian Varrato has joined the company as vice president of asphalt manufacturing and paving operations. Varrato will have oversight responsibilities for the Lash Paving acquisition. Previously, he spent more than 16 years with Shelly & Sands, Inc., where he most recently served as Columbus Area Manager.
“Brian brings extensive industry and civil engineering experience to National Lime and Stone,” Palmer said. “He will work closely with our management team to integrate the operations of Lash Paving with our existing platform in eastern Ohio.”
National Lime and Stone has 13 operations throughout eastern Ohio and western Pennsylvania. These sites are largely supplied by the company’s rail quarries, which have direct service from four primary rail carriers (CSX Corporation, Wheeling & Lake Erie Railway Company, Norfolk Southern, and Genesee & Wyoming Inc.) as well as multiple secondary connections. The company has added eight locations during the past three years and is continuing to evaluate opportunities for growth in eastern Ohio.