All production employees and most salaried employees will be retained by Peckham Industries, MassLive reports.
Peckham Industries, Inc. announced that it has completed the acquisition of Westfield, Mass.-based JSL Materials, Inc. JSL is the parent company of John S. Lane & Son and JSL Asphalt Inc. In a press release, Peckham noted that JSL Material’s operations, leadership, and more than 100 employees will provide it with expanding opportunities in New England.
“This acquisition allows us to further integrate a very important part of our supply chain in the Massachusetts and Connecticut markets,” said John R. Peckham, president of Peckham Industries. “We recognize the prominent history of JSL Materials, Inc. and the significant contribution the business has made to the region. The acquisition of JSL Materials is a very proud moment for Peckham Industries, and we look forward to the integration of these two family-owned and operated companies.”
JSL Materials Inc. has served the construction materials industry since 1980 and is a leading aggregate producer in New England. It has four quarries and one sand and gravel pit.
“We are extremely excited for John S. Lane & Son to join Peckham Industries,” added Jonathan Lane, vice president and secretary of JSL Materials. “Our shared values as family-owned companies will ensure a seamless transition as we work through the integration process. We are looking forward to being a part of the growth of Peckham Industries into Massachusetts and the surrounding region.”
FMI Capitol Advisors served as the financial advisor to JSL Materials for the transaction. Terms of the agreement were not disclosed.