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Gencor to Acquire Blaw-Knox Paver Business from Volvo Construction Equipment Manufacturer
Friday 07 August 2020

Florida, US-based construction industry equipment manufacturer Gencor Industries, Inc. (NASDAQ: GENC) has agreed to acquire US-based road paving equipment manufacturer Blaw-Knox paver business and associated assets from Volvo CE, a Swedish manufacturer of construction equipment, the company said.

Terms of the transaction have not been disclosed.

The deal, which is expected to be finalised in Gencor's first quarter of fiscal 2021, will allow Gencor to manufacture and develop Volvo CE's current North American paver product line under the Blaw-Knox brand. Gencor is expected to continue marketing and servicing the Blaw-Knox paver line through selected Volvo CE dealers.

Gencor Industries, Inc. is a manufacturer of asphalt plants, soil remediation plants, combustion, and heat transfer systems to the road and highway construction industry.
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Date Published: 07/08/2020

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