Masonry material distributors Alley-Cassetty Companies, Inc., announced it has entered into an asset purchase agreement to acquire LoJac Materials, Inc., provider of brick, block and stone. Alley-Cassetty will acquire LoJac’s concrete block manufacturing facilities in Lebanon, Dickson, and a yard in Cookeville, Tenn. Combined with its existing facilities in Gallatin and Murfreesboro, the expanded footprint will improve manufacturing efficiency and capacity to more than 12 million block a year, enabling Alley-Cassetty to inherit manufacturing expertise to improve cost of operations.

“It’s important that we identify ways to improve efficiencies in manufacturing and distribution to meet the increased demand in the marketplace,” added Sam Strang, Chief Executive Officer for Alley-Cassetty. “This deal not only does that, but also enhances our mission of delivering high-quality products and services to our customers.”

Alley-Cassetty’s acquisition does not include the LoJac name and trademark or other subsidiaries that are not engaged in the masonry products business. It is expected that the agreement between Alley-Cassetty and LoJac Materials will close in January 2019.

“This transaction is a natural progression of the Blockworks joint venture that Alley-Cassetty and LoJac entered into 3 years ago” says J.D. Lowery, Chief Executive Officer of LoJac Holdings Corporation, Inc. “It combines the retail and delivery side of both block and brick for greater efficiencies and customer service.” Lowery adds “LoJac is proud of its more than 25 year history and how this transaction will result in transitioning of all the employees related to that division of LoJac’s business.”