Date: February 4, 2013

News - Chaney Completes Acquistion of Virginia's Rowe Materials

WALDORF, Md. – Chaney Enterprises announced the completion of its acquisition of Virginia-based Rowe Materials, officially extending Chaney Enterprises’ concrete market area from Ocean City, Md. to Orange, Va. with 15 state-of-the-art ready mix concrete plants now operating under the Chaney brand.

The relationship between the two companies began in 1995 when Chaney entered into a partnership agreement with Rowe Materials, based in Fredericksburg, Va., allowing the two family-owned businesses to share expenses while jointly serving Virginia’s Northern Neck and Fredericksburg. Rowe’s three concrete plants currently include the King George plant in King George County; the Stafford plant in Stafford County, and the Spotsylvania plant in Fredericksburg.

Now fully transitioned as Chaney Enterprises, the recently combined entity offers Rowe customers access to all Chaney services and expertise, including its technical services staff for assistance with concrete mix designs. Rowe customers will continue to be served by the Rowe Materials team and use the same customer service number (1-800-927-0352).

“We have been working as a member of the Rowe Materials team in Virginia for many years now and we look forward to continuing to meet our customers’ expectations through a team of superior people, products and service, now under the Chaney name,” said William F. Childs IV, president & CEO of Chaney Enterprises. “Now with a more visible presence in Virginia, we will continue to live by our commitment to be active and engaged members of the community, with our people volunteering their time and talent to civic and charitable organizations and the Chaney Foundation maintaining its dedication to support appropriate not-for-profit entities in the region.”

Childs said that Jeff Slagle, Rowe’s general manager since 2008 and a Chaney employee since 1994, will continue in his role overseeing all operational aspects of Chaney’s Virginia plants. Meanwhile, signage for vehicles and the Virginia locations will begin to transition to the Chaney Enterprises red and yellow branding beginning this month.

Chaney Completes Acquistion of Virginia's Rowe Materials

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