Spancrete, its Crystal Lake plant acquired by Wells Concrete

Wells Concrete, the fifth largest precaster in the U.S., acquried Wisconsin-based precaster and machinery manufacturer Spancrete, including its Crystal Lake plant, making it the largest precaster in the Midwest, the company announced in a news release.

The goal is build on "the success Spancrete has achieved in both precast solutions and machinery equipment production, focusing efforts on growing the business for greater market penetration," Wells Concrete said in the release.

With this acquisition, Wells’ footprint will stretch from Canada to New Mexico, and Colorado to Indiana. Spancrete’s precast plants in Crystal Lake as well as Valders, Wisconsin, and Sebring, Florida, as well as their machinery division in Waukesha, Wisconsin, will all remain in operation.

“The acquisition of Spancrete by The Wells Companies is a tremendous milestone for both the seller and the buyer representing the consolidation of two family-owned businesses," Wells Concrete Chairman Sam Nesius said in the release.

Nesius credited the Nagy family with building "an extremely innovative company" in Spancrete and achieving "tremendous success." Spancrete CEO John Nagy said in the release he would be joining Wells Concrete.

“Wells has operated alongside Spancrete for over 60 years and admired their dedication to being innovators in the industry – both as a precast and equipment manufacturer,” Wells Concrete CEO Dan Juntunen said in the release. “By combining our efforts, we look forward to continuing that tradition and advancing our precast building solutions to provide the best possible products and experience to our customers.”