Volvo Construction Equipment has signed an agreement to sell the North American Blaw-Knox paver business, as well as associated assets, to asphalt equipment manufacturer Gencor Industries.
The Blaw-Knox business and associated assets will shift to Gencor, including the transfer of the manufacturing production line that is currently located in Shippensburg, Pennsylvania.
“Gencor is a strong player to take on the Blaw-Knox paver range, as it has extensive expertise in the asphalt industry and a good reputation for quality and customer success,” said Melker Jernberg, president of Volvo CE.
“We see this agreement as being a win-win for us and Gencor. It maintains a valuable product offer to Volvo CE customers, as well as securing dealer distribution and servicing of Blaw-Knox branded paver products in North America.”
Gencor has announced they plan to continue the manufacturing of the Blaw-Knox paver line in south-central Pennsylvania and will move to a location in Letterkenny Township.
The deal is expected to be finalized in the fourth quarter of 2020, and will allow Gencor to manufacture and develop Volvo CE’s current North American paver product line, and market the machines under the Blaw-Knox brand.
As well, Gencor has announced it will continue marketing and servicing the Blaw-Knox paver line through selected Volvo CE dealers in North America.
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The Blaw-Knox brand dates back more than a century when in 1917 Blaw Collapsible Steel Centering Company merged with the Knox Pressed and Welded Steel Company.
The firm made its first road paving equipment in 1929 and the brand built a reputation in the paving segment in North America.
Gencor Industries is a North American manufacturer of asphalt plants, soil remediation plants, combustion systems and heat transfer systems to the road and highway construction industry.
“With our already strong position in the asphalt industry, this acquisition will afford Gencor access to the venerable brand of Blaw-Knox, and provide an entry into the hot mix paver segment,” said Marc G. Elliott, president and director of Gencor Industries.
“We are committed to the long-term growth and development of the Blaw-Knox brand.”