By Frank Lewis
Scott Craig, general manager of KSA Manufacturing, manufacturers of concrete ties at 6501 Pershing Ave. in Portsmouth says the acquisition of KSA Limited Partnership by Rocla Concrete Tie, Inc. is positive for the local company.
“It should be a plus for us,”Craig told the Daily Times. “It should give us more work. Nothing should really change. We actually should pick up some work.”
Rocla Concrete Tie Inc. announced Tuesday it has acquired KSA Limited Partnership from Koppers Inc. and Lehigh Hanson Inc.
Rocla officials expect the acquisition to allow the company to expand its customer base and product range.
Founded in 1992, KSA manufacturers concrete ties, concrete turnout ties, concrete grade crossing ties and other concrete products for the rail industry. It serves Class Is, as well as commuter and transit customers primarily in the eastern United State.
KSA’s headquarters and manufacturing operations are located in Portsmouth and is categorized under Wholesale Railroad Equipment and Supplies. Current estimates show the company has an annual revenue of $20 to 50 million and employs a staff of approximately 50 to 99. Craig said jobs at the company will not be affected.
“Everybody will keep their jobs,” Craig said.
Rocla Concrete Tie, Inc. is a key supplier of concrete ties to America’s largest freight railroads, as well as the United States’ only High Speed Rail project.
“We are very excited that this business, led by General Manager Scott Craig, complements Rocla’s strategic initiative of expanding its product solutions to the railroad industry,” Rocla President and Chief Executive Officer Peter Urquhart said in a statement. “We also anticipate that the KSA acquisition will provide a platform for further opportunities to grow the business.”
Rocla did not disclose the financial details of the acquisition in the announcement.
Reach Frank Lewis at 740-353-3101, ext. 1928, or on Twitter @franklewis.