Six Maine plants that manufacture pavement have changed ownership as part of a $555 million deal between two global infrastructure companies.Lane Construction Corp., based in Cheshire, Connecticut, recently announced the sale of its plants and paving division to Eurovia, which is based in Rueil-Malmaison, France. The sale includes more than 40 plants that manufacture hot-mix asphalt for road construction — a combination of stone, sand or gravel bound together with cement — across much of the eastern half of the country.
The six plants in Maine are located in Hermon, Charlotte, Presque Isle, Hancock, Washington and Lewiston. The sale also includes two portable asphalt facilities in the state.
The Maine facilities employ 370 people, District Manager Brian Raymond said. Eurovia retained all of Lane’s employees and clients in the transaction, he said. The company’s clients include the Maine Department of Transportation, the Maine Department of Environmental Protection and the Maine Turnpike Authority.
Lane Construction also sold multiple mining facilities and quarries in the Northeast. After the sale, the company will focus on large-scale civil infrastructure projects, it said in a news release. Eurovia said the sale boosts the French company’s position in the eastern U.S.
Lane Construction is owned by Salini Impregilo Group, a global infrastructure construction company based in Milan, Italy, with operations in more than 50 countries. Eurovia is a subsidiary of the global infrastructure developer VINCI, based in Rueil-Malmaison, France.
In the Bangor area, Lane Construction had owned the hot-mix asphalt facility since 1971, said Lane spokeswoman Lauralee Heckman. When the company bought the plant, it was located on Main Road North in Hampden. It moved to its current location, on Odlin Road in Hermon, in 1991, Heckman said.
This story appears through a media sharing agreement with Bangor Daily News.