Gloucester-based Rappahannock Concrete & Masonry has been sold to Vulcan Materials Company, headquartered in Birmingham, Alabama. Most of the current employees are staying on with the new company, and service to customers should remain uninterrupted.
The acquisition, which officially took place Saturday, has been several years in the making, according to Scott Finney, former president of Rappahannock, and son of its founder, Zeke Finney. “The last couple of years we’ve been thinking seriously about doing something,” Scott Finney said. “We didn’t have a succession plan and decided to entertain selling the business.”
According to Finney, it was important to him and his sister, Cara Randolph, former vice president of Rappahannock, to try to find a company with similar goals to take over the reins of the business, which was established in 1961.
He said Vulcan has been a respected competitor of Rappahannock in the market. “We also...
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