Wells Concrete Acquires Spancrete to Become Largest Precaster in Midwest

Albany, Minn. (Dec. 14, 2020) – Wells Concrete, the fifth
largest precaster in the U.S., has acquired Waukesha, Wis., based
precaster, and machinery manufacturer, Spancrete. With more than 125
years of combined experience in the industry, the partnership
aligns two companies dedicated to precast innovation.

“Theacquisition 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. The
Nagy Family built an extremely innovative company in Spancrete and
achieved tremendous success. From its very first days Spancrete
gave life to a new industry and experienced positive growth all the
way to its present-day form as a mature, developed company,” said
Sam Nesius, Chairman, Wells Concrete. “The Nesius family is
honored to be considered worthy stewards of the Nagy family legacy.
It is no surprise that our company values are very compatible and
our approach to the marketplace, our customers, and our employees
is nearly identical.”

Wells will continue the success Spancrete has achieved in both
precast solutions and machinery equipment production, focusing
efforts on growing the business for greater market penetration.

“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,” said Dan Juntunen,
CEO, Wells Concrete. “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.”

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

“Spancrete has been in my family for 75 years, and I’m proud
to become a part of a company that exemplifies our core values –
quality, service and durability,” said John Nagy, CEO, Spancrete.
“Because of our similar cultures and philosophies in how we
approach business, our employees and customers we are positioned
for future success.”

About Wells Concrete
Wells Concrete is one of the top five precast providers in the
U.S.  The company designs, manufactures and installs structural and
architectural precast solutions. Wells holds to a high standard,
offering superior products, impeccable customer service and a
better overall value than the competition. With four manufacturing
facilities capable of producing identical products, Wells maintains
a flexibility to meet schedule demands and minimize risk, while
still delivering consistent product quality. Wells provides
innovative, efficient, and cost-effective solutions to its
customer’s design-build challenges. For more information,
visit WellsConcrete.com. 

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Concrete Acquires Spancrete to Become Largest Precaster in
Midwest appeared first on Wells Concrete.